Israeli Bond Market Sets Record Fundraising in Hebrew Year

The Israeli bond market concluded the Hebrew year with a record NIS 170 billion in fundraising. This significant figure highlights robust activity and investor confidence within the Israeli debt market over the past year.

The broader financial news from the end of the Hebrew year was varied. Israelis showed increased engagement with cryptocurrency, with 250,000 transactions totaling NIS 2.5 billion, indicating more buying than selling activity. Insurance agents saw a substantial rise in commissions, reaching NIS 13.2 billion.

Currency and commodity markets experienced fluctuations. The dollar strengthened by 1.2% against the shekel, while copper prices hit a record high, and oil approached $100 per barrel. A technical issue with the popular payment app Bit was resolved after approximately an hour.

In real estate and investment news, the daughter of businessman Yitzhak Tshuva is reportedly set to acquire controlling interest in the Hamat Gader complex for up to NIS 150 million. Investment opportunities were also discussed, including the Polish stock market and an ETF on the banking index. A fund that invested in Google and Nvidia is preparing for its next major investment, reportedly backed by $10 billion.

Other notable financial stories included the rise in dollar-shekel exchange rates, reaching six 30-year highs, and discussions on the high monthly fees paid by residents of high-rise buildings. The article also touched upon the transformation of the affluent town of Savyon into a 'battleground' and the significant wealth increase for kibbutz members in a venture that later collapsed, with one member admitting 'there were mistakes'.