Including a 40-year “Formosa” issue in Taiwan for $5 billion and private placements of 5.6 billion euros ($6.7 billion), Israel in 2020 raised more than 74 billion shekels ($23 billion) in international markets last year, a level Rothenberg called “enormous” and not typical.
“It’s not going to be the numbers that we saw in 2020, because we are back to a more sustainable kind of issuance regime,” he said. “We’ll do benchmark sizes, probably this year, and we’re considering the timing.”
He said Israel has already chosen bankers but they have not been disclosed.
“Whenever we decide, we can do this in a day and a half,” he said. “It always depends on the market environment because the bread and butter is local issuances. So, we can afford to be boutique and choose the right timing.”