Israel govt bonds meet minimum criteria for FTSE Russell global index

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JERUSALEM, April 16 (Reuters) - Global index and data provider FTSE Russell said Israel could enter its World Government Bond Index (WGBI) in 2020 after meeting the minimum market criteria on market size and credit quality.

"Should these criteria continue to be met for the September 2019 review, an announcement regarding a resulting index inclusion change and the timetable for implementation, which will include a minimum notice period of 6 months, will be made shortly thereafter," said Nikki Stefanelli, head of fixed income index policy at FTSE Russell.

Israeli government bond prices 0#ILGOI=TA rose as much as 1.6 percent in afternoon trading in Tel Aviv.

Finance Minister Moshe Kahlon said entry to the WGBI would lead to an influx of foreign investment.

This article appears in: Stocks , World Markets , Politics

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