Bumper month for debt offerings on TASE
Thanks to Azrieli Group, Elbit Systems, and Israel Electric Corporation, debt raised in Tel Aviv reached NIS 11.6 billion in July.
Within a year, about 100 companies, mainly technology companies, have held IPOs on the Tel Aviv Stock Exchange, raising over NIS 13 billion.
The surprisingly lively primary market has upstaged the debt raising activity by corporations, but this market too has enjoyed a period of intense activity, and the amounts raised are far larger.
Figures from rating agency Midroog show that the amount of debt raised in July, totaling NIS 11.6 billion, represents a peak not seen in Tel Aviv for eighteen months, and is 2.5 times the amount of debt raised in July last year.