The Bank of Israel doubles the frequency of issuing short-term loans (MAKAM)

The Bank of Israel announced that amid growing demand for its short-term loans (MAKAM) on recent issues, it has decided to double the frequency of issues from once a month to once every two weeks.

Issue information will be published on the Thursday preceding the issue date and will include the issue date, issue series details and proposed volumes.

The decision will take effect next week. On Tuesday, November 29, the Bank of Israel conducted an additional issue of short-term loans, under which it will issue 3-month bonds with a par value of 6 billion shekels and one-year bonds with a par value of 4 billion shekels.

By Editor