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  •  The research examines the impact of bond repurchases by public companies in Israel in 2008–20 on prices of the bonds.
  •  The research finds a statistically significant positive response by investors to bond repurchases, a response that begins on the purchase date and continues on the date of formal reporting about the purchase to the public and even several trading days afterward.
  • The current research is the first to examine investors’ response to bond repurchases on the days surrounding the purchase. The findings add to the wealth of research literature that already exists on the parallel phenomenon of equity buybacks.