Despite political and diplomatic uncertainties and a volatile economy Israel appears to be selling its investment story to international capital markets. “There is a lot more banking activity in all directions,” says Ron Lubash, Lehman Brothers managing director for Israel. “The country has opened up. You see a whole slew of new companies and new issuers.” Lehman predicts at least six new debt issues in the coming year. “There is a general acceptance of Israel shifting to the debt market,” says Lubash.
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