January 22, 2014 / 12:10 PM / 4 years ago

Israel set to raise EUR1.5bn through 10-year bond

LONDON, Jan 22 (IFR) - The State of Israel is set to raise EUR1.5bn through its upcoming 10-year bond issue, for which it has set a final spread of 90bp over mid-swaps, according to market sources.

Final terms came at the tight end of the revised guidance of 90bp-95bp over, and inside initial price thoughts of 95bp area.

The sovereign, rated A1/A+/A, is expected to price the transaction later on Wednesday.

Barclays, Citigroup and Goldman Sachs are the lead managers on the deal.

Reporting by Davide Scigliuzzo; Editing by Sudip Roy

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