Launch of Options on NIS-denominated Israel Government Bonds

Press Release

10/11/2011

Israel's Minister of Finance, Dr. Yuval Steinitz opened trade on the Tel Aviv Stock Exchange (TASE) this morning to commemorate the launch of NIS-denominated Israel government bond options.

Steinitz stated in his remarks: "We are proud to launch options on government bonds. These new instruments will increase the liquidity and marketability of the market and will facilitate in lowering the government's cost of raising capital. Enhancing market efficiency is one of the central aims of our policy, and I welcome the initiative undertaken by the Tel Aviv Stock Exchange and the Ministry of Finance Accountant General's Office".

In the picture from left to right: Ester Levanon, TASE CEO; Dr. Yuval Steinitz, Minister of Finance; Shaul Bronfeld, TASE Chairman of the Board.

Picture provided with compliments. Photographer credit: Moshe Shay



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