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Investment Banking & Investment Services
Financial
Index-linked
Tachlit Tel Bond 40 series 2 is an exchange traded note launched by Tachlit Index Sal Ltd. The note seeks to track the performance of the Tel-Bond 40 Index. The index represents the fixed income markets of Israel. It comprises of fixed-rate corporate bonds which are linked to the consumer price index and are rated as at least A- by Maalot or A3 by Midroog. The ETN will mature on June 30, 2049. Tachlit Tel Bond 40 series 2 was formed on February 12, 2008 and is domiciled in Israel.
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