Corporate bond sales through the Tel Aviv Stock Exchange, the largest exchange for electronic trading of private bonds after Shanghai, picked up sharply in the first half of this year.
Ten new companies raised money through Israeli bond sales between January and June, for a total of 6.5 billion shekels ($1.8 billion), more than double the 2.5 billion shekels in the first half of 2017, said Hani Shitrit Bach, executive vice-president and head of listings at the TASE, as the bourse is known. For all of last year, 14 companies sold debt on the exchange.
“We see no sign of cooling,” Bach said in an interview. “What’s interesting is that while there were only real estate companies listing, now we see business development companies broadening the market into other sectors.”
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