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Investment Banking & Investment Services
Financial
Index-linked
Psagot Sal Short Tel-Bond 40 (435) (00A) is an exchange traded note launched by Psagot Exchange Traded Notes Indexes Ltd. The note seeks to track the inverse performance of the Tel Bond 40. The index represents fixed income markets of Israel. It represents short position in the 40 corporate bonds, fixed-interest and CPI-linked rated should be at least (A-) by Maalot, or (A3) by Midroog. The ETN will mature on April 20, 2049. Psagot Sal Short Tel-Bond 40 (435) (00A) was formed on June 18, 2009 and is domiciled in Israel.
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