March 9, 2016 / 7:53 AM / 2 years ago

Israel begins marketing dual-tranche bond offering

LONDON, March 9 (IFR) - Israel has opened books on a US dollar dual-tranche offering, according to a lead.

The sovereign is marketing a benchmark-sized 10-year bond at 120bp area over Treasuries. It is also reopening its January 2043 notes at plus 165bp area.

The SEC-registered bonds are today’s business. Barclays, Citigroup and Goldman Sachs are the lead managers.

Israel is rated A1 by Moody‘s, A+ by Standard & Poor’s and A by Fitch. (Reporting by Sudip Roy, editing by Julian Baker)

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