In addition to the current English Tel Aviv Stock Exchange (TASE) website, on June 29, 2020 the TASE announced the launch of the English version of its “MAYA” immediate corporate reporting website. The English “MAYA” website is designed to make information regarding the TASE and the companies listed on it much more accessible to foreign investors, particularly in light of the growing interest expressed by investors from around the world in Israeli companies. There are 517 publicly traded Israeli stocks, 750 corporate bonds, 45 government bonds, 549 ETFs, and 1,169 open-ended mutual funds listed on the TASE that can be purchased by investors around the world.

For the first time, TASE is launching an English version of the MAYA website. The Israel Securities Authority (ISA) encourages companies to publish their reports in English as well, in order to make the information accessible to foreign investors. Corporate reporting includes, among others, notifications concerning announcements & transactions, financial statements, capital raising information, changes in the companies' management, interested parties, corporate actions, splits, mergers and more. These disclosures will be posted on the MAYA English language website, generating additional foreign investor exposure to these companies.

To serve this growing needs of international investors in Israel in English, Wise Money Israel Ltd (WMI) works closely with hundreds of clients from around the globe to invest in Israel's robust economy and strong capital market through Israeli investment accounts on the TASE. Where there is demand, there will also be supply, and the demand for purchasing equities and bonds of publicly-traded Israeli companies is rapidly rising. Accordingly, the TASE is continually adding new features and making information more accessible to the international investor, while WMI is positioned as the leading, ISA-licensed English-speaking Portfolio Management firm to manage local and international investors assets in the Israeli market in a prudent and effective way.

The MAYA website, which serves as a central website for investors active in the Israeli capital market, was initially launched in 2000 and is the go-to site for a wide array of corporate information such as corporate fact sheets for each company, summarizing key corporate information (fields of operation, principal shareholders, corporate securities and financial performance), management and officers, corporate filings, reference and payment dates, IPO and new secondary public offerings, financial report schedules, dividend distributions and payments, and more. The TASE also posts its own announcements on the "MAYA" site, such as general announcements, board of director resolutions, etc.

The TASE places great importance in the publication of disclosures in both English and Hebrew and believes that this will increase foreign investor exposure to and investment in TASE-listed Israeli companies.

To view the English MAYA system click the following link: https://maya.tase.co.il/en

Contact us for more information about opening an Israeli investment account

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Sources:
Tel Aviv Stock Exchange, Bizportal Terminal 360

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The offering has attracted over 400 different investors from 40 different countries, with strong demand from Asian institutional investors. The Ministry of Finance says Bank of America, Barclay’s Bank, Goldman Sachs and Citibank are underwriting the initiative. With $25 billion in demand, Israel decided to raise $5B at favorable rates. This isn’t surprising given that Israel has an AA- Stable credit rating from S&P, A1 Stable rating from Moody’s, an A+ rating from Fitch.

Israel’s Accountant General Roni Hezekiah said the oversubscription “indicates the confidence of the world’s largest investors in the Israeli economy, especially in view of the way the State is coping with the corona crisis. The 100-year IPO is a testament to the country’s financial strength and its establishment in international markets.”

Senior Deputy Accountant General Gil Cohen said: "The ability of the State of Israel to make the successful IPO at record speed and with the high volatility in financial markets is a direct result of [Israel’s] economic strength and the ongoing relationship with investors around the world in recent years.

In other COVID-19 Israel news, Israel was ranked the safest country during the coronavirus outbreak according to the Deep Knowledge Group website as highlighted by the Prime Minister’s Office. The country is currently coming out of a lockdown for all citizens, as already on April 2, 2020 new cases peaked and we’re seeing much fewer new cases in the past four weeks. Among the essential sectors that continued to function during the crisis is the capital market. We are already seeing a significant market recovery and have made appropriate moves to protect and grow our client’s investments.

If you'd like to learn more about investing in Israeli bonds, please go to our contact page and write us.

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Sources: Israel Ministry of Finance, Calcalist, News1

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