Record $225m. in Israel bonds sold overnight

Israel bonds have been an important tool for the government to handle its finances since they first went up for sale in 1948.

January 24, 2012 04:32
Finance Minister Yuval Steinitz (file)

Finance Minister Yuval Steinitz 311 R. (photo credit: REUTERS/Ronen Zvulun)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Israel raised a record $225 million in bonds on Sunday, the biggest overnight sale of its debt securities ever, the Finance Ministry announced.

Finance Minister Yuval Steinitz thanked the audience that gathered at the Israel Bonds annual conference in Miami, asking them to use their influence to support the Jewish state.

Be the first to know - Join our Facebook page.

'Deficit to reach 3.4% in 2012 due to tax shortfall'

“I’m asking you to harness your networks to help maintain a high level of investment in the Israeli economy,” Steinitz said. “That will help us maintain high growth and low unemployment.”

Israel bonds have been an important tool for the government to handle its finances since they first went up for sale in 1948. Since the early 2000s sales rates have remained steady, hovering just over $1 billion a year.

In 2011 Israel raised $1.1b. in bonds, a figure the finance ministry said exceeded its expectations.

In 2003, Israel sold an all-time annual record of $1.4b. in debt securities, according to numbers provided by the Finance Ministry’s Economic Mission.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection