The Israeli government sold 50 year bonds denominated in Euros, carrying an interest rate of 2%. € 500 million were sold. This is the lengthiest bond term ever issued by the Israeli government, to date. Up until now, the longest term bond issued by Israel was 30 years. Thanks to the its high credit rating, the Israeli government’s cost of borrowing capital has dropped. These bonds were sold to institutional investors. The government used Deutche Bank and Barclays to handle this bond issue.