Bond Israëli 5% ( IL0011157737 ) in ILS

Issuer	Israëli
Market price	100 % ⇌
Country	Israel
ISIN code	IL0011157737 ( in ILS )
Interest rate	5% per year ( payment 1 time a year)
Maturity	31/01/2020 - Bond has expired
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Minimal amount	1 000 ILS
Total amount	13 894 300 000 ILS
Detailed description	Israel is a Middle Eastern country situated on the eastern shore of the Mediterranean Sea, known for its diverse history, culture, and technological advancements. This financial article details the specifics of a sovereign bond, identified by its ISIN code IL0011157737, issued by the State of Israel. Israel, a prominent sovereign entity in the Middle East, regularly accesses international and domestic capital markets to fund its governmental expenditures and strategic initiatives. The nation is recognized for its advanced technological sector, robust economy, and a stable financial framework, which underpins its ability to issue debt instruments like the one in question, originating from Israel as the country of issuance. This particular bond, denominated in Israeli New Shekels (ILS), carried an annual interest rate, or coupon, of 5%. The total size of this issuance was substantial, amounting to ILS 13,894,300,000, indicating a significant fundraising effort by the issuer. Designed to be accessible to various investor types, the minimum purchase size was set at ILS 1,000. Originally slated to mature on January 31, 2020, this debt instrument has successfully reached its maturity date and was fully reimbursed to its holders. The bond?s market price at the point of redemption was 100% of its face value, ensuring full principal repayment. With a payment frequency of 1, implying annual interest distributions, the bond has completed its lifecycle, with all obligations met by the State of Israel.