Israel is planning a large international bond issue in dollars or euros in the coming months, according to senior government officials. The debt offering could reach billions of dollars and is part of the government's strategy to finance up to 20% of its funding needs with foreign issues. Despite lower financing needs in 2025, demand for Israeli debt is expected to be strong, even as all three rating agencies lowered Israel's credit rating in 2024. The government is currently gauging investor interest through a 'road show' and will decide on the timing based on market conditions.