Israel Forever

Israel sold $1 billion of 100-year bonds in international markets as part of a record $5 billion fundraising to finance government aid to help the economy cope with the coronavirus outbreak.

Israel joins a handful of countries such as Austria, Mexico and Argentina, which have sold “century bonds.”

The local Treasure says it is a testament to the faith in Israel's solidity. Yet Argentina also succeeded in selling similar bonds, and the purchasers already lost half of their investment.