Analysts expect an offer to take place in the first quarter of 2022, to fund Covid-19 vaccines. The government of Israel has submitted a prospectus to the New York Stock Exchange to offer $5 billion in debt, according to a report by Bloomberg. The reason for the subtraction is unknown and can be implemented at any time over a year. Analysts expect the presentation to take place in the first quarter of 2022, in order to fund the purchase of additional vaccines against Covid-19. Market conditions for the sovereign debt offering are good, but it is too early to know the price and interest rate. The Israeli government made its most expensive debt offer last March, at the height of the coronavirus crisis, when it raised $1 billion in 100-year bonds at 4.5% annual interest, and $2 billion in 30-year bonds at 3.875%. This debt will cost Israeli taxpayers and their children, grandchildren and great-grandchildren about $10 billion a year. A senior economic source told Globes, “The fundraising aims to finance the deficit and reduce pressure on the local market, although in the end the dollar will have to be converted. At the same time, the impression that the 7 billion shekels collected by the Finance Ministry yesterday indicates that the deficit is shrinking It seems misleading.” Published by Globes, Israel business news – en.globes.co.il – July 1, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 Avigdor Liberman Credit: Alex Kolomoisky, Yediot Ahronot
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