Were investors blindsided by Stanley Fischer’s exit?
A day before the central bank chief said he was quitting, Israel sold $2 billion of bonds at low rates.
On Monday night Israel raised $2 billion in an overseas offering of debt, in two series: one of 10-year bonds and one of long-term 30-year bonds. The accountant general's people over at the Finance Ministry said the investment community pounced on the debt. Demand soared to $9 billion, some 4.5 times the amount Israel sought to raise.
Like us on Facebook and get articles directly in your news feed