Israel Sells $8 Billion in Bonds to Fund Conflict Operations Despite Credit Downgrade
• Israel selling $8 billion of international bonds, its biggest ever dollar bond sale • Comes amid conflict with Hamas; Israel has significant funding needs due to war • Strong investor demand - order book exceeded $34 billion • Issuing notes across 5, 10 and 30 year maturities • Rating recently downgraded by Moody's, but Israel still investment grade