ISRAEL is prepared to tap international markets for a benchmark-sized sovereign debt offering in 2021 with the timing and size still to be determined and dependent on market conditions, the country's accountant general said last week. The issue will most likely be euro-denominated after large dollar-denominated offerings in 2020. Israel typically alternates between dollar and euro every year, and the bonds typically attract a huge number of foreign investors, thanks to the country's relatively strong economy.
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