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The Ministry of Finance hoped to place the government bonds in the amount of one billion dollars in foreign financial markets. Bonds, dollar value, will be offered to the world’s leading financial institutions - Deutsche Bank, Goldman Sachs and JPMorgan. The Ministry of Finance expects that the loan will be able to fully deploy in the week.
Accommodation was originally scheduled for this week but was postponed because of the volatility of world financial markets.

The main purpose of the loan is to alleviate the financial crisis, which is reflected in a sharp decline in revenue the state treasury from taxes in connection with the fall in business activity.

The Ministry of Finance has reduced its previous assessment of tax revenues by 10% to 180 billion shekels in 2009. Moreover, Finance Minister Bar-He warned Benjamin Netanyahu that it is likely that this figure is less than at 30 billion shekels.

Israeli government bonds, which are considered very reliable, are traded on the level of profitability of 4% per annum (U.S. bonds - at the level of profitability - 2,8%).

This entry was posted on Thursday, February 26th, 2009 at 4:17 pm and is filed under Developments in payday loan industry in Canada.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.