TOR GROUP
IT'S ALL ABOUT GROWTH
Experts in Investment Fundraising and business development, specializing in emerging markets with great growth potential.
About TOR Group
TOR GROUP consists of a team of experts with vast experience in "Investments Fundraising" and business development and consulting.
TOR GROUP finds emerging markets with great growth potential. Based upon our vast international experience and knowhow, we can lead governments, through our affiliates, to raise funding through International Bonds.
We accompany governments through the whole process which is regulated and transparent based on financial common covenants.
Managing Partners
Senior business executives and investors, who own and lead several companies. They are involved in financing, investing development of business & companies in high-growth economies.

Udi Ginati
Fundraising Operations Leader
Leads the fundraising operations at TOR Group. With 24 years of entrepreneurship experience in the areas of banking with expertise in derivatives and co-engineering of financial products with leading financial institutions and banks worldwide. Udi has an LL.M and an LL.B from Bar-Ilan University and is a member of the Israel Bar Association.

Tzahi Yarchi
International Relations Leader
Leads the international relations at TOR Group. Tzahi has 20 years of experience in G2G and B2G engagements. focused on renewable energy and solar. Tzahi is the C.M.O of TOR Group and in charge of exploring new countries and combine them with the TOR Group path. Tzahi graduated MBA from the University of Tel – Aviv.

Joshua Rurka
International Financial Markets Expert
Over 25 years of experience in international financial markets. IPOs, RTOs, PIPEs, institutional investments, hundreds of millions of dollars in successful transactions. Currently sharing my vast experience with investors who can benefit from it and actively promotes innovative financial instruments and investments.
Our Expertise
Comprehensive financial services through strategic partnerships
Strategic Partnership
A Swiss financial services firm, which operates an inter-banking platform for executing issuance of international bonds.
Regulated Excellence
Regulated and audited in Zurich, Switzerland. ISP GROUP is regulated by FINMA (Swiss Financial Market Supervisory Authority) and acts as a licensed securities dealer offering Asset management, custodian, advisory and securities trading services.
Bond Market Specialization
ISP GROUP securities AG has special expertise in the international bonds' markets. The company is active in primary and secondary markets with world's top global banks and institutional players.
TOR GROUP & ISP GROUP Services
Comprehensive coordinator and advisor services for international bond issuance
Coordinator & Advisor for International Bond Issuance
TOR GROUP and ISP GROUP offer their services as a coordinator and advisor for the MINISTRY OF FINANCE AND PLANNING in forming multi international banks syndication to act as underwriters for the purpose of an international bond issuance.
International Banking Syndication and Diversification
The Group identifies, approaches and mandates multiple international banks to take part in the syndication and underwriting of the bond issuance. Banks are diversified in their global reach, investor base and their ability to offer further financial services.
Long Lasting Business Relationships
Focused on relationship and not transaction, the group maintains a long-lasting business relationship with numerous banks and investment banks around the world with expertise in the fixed income and particularly in bonds.
New Investors for Emerging Markets (EM)
The Group plans to use its extensive network and bring banks that have not taken a place so far as syndication members in EM bonds issuance.
No Cross Interests
ISP fixed income trading team provides live market indications for pre-IPO yield levels, and live monitoring and advisory on yield levels during the book building procedure, helping find the optimal balance between the issuing entity and the investor base.
No Cross Interests
The Group has no cross interests, as might exist in investment banks underwriters, between the interests of their existing reoccurring EM investors and/or their proprietary trading divisions, who are striving to achieve highest interest paid on the bond, and the issuing government, whose aim is to achieve the lowest interest paid on the bond issuance.
Therefore, we act ONLY on behalf the issuing entity.
Right Timing Strategy
Strategic timing and market insights for optimal bond issuance
Right Timing
Group is aiming to make the offering at the right time and not by force. We provide important insights about the timing of the deal, in the pricing process and sensitivity of the markets, for guidance changes resulting in finding the balance between interest being paid and issuance trading successfully on secondary markets.
General Timeline
2-3 months
The timeline for the bond issuance is generally between 2-3 months for new issuers.
Repeat Issuers
48 hours
In case the country has already placed an issuance before, this time can be reduced even to 48 hours.
Market Insights & Guidance
Bond Issuance Process
Our comprehensive approach to international bond issuance
RPO Mandate
Mandate Preparation
Bond Offering
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TOR GROUP
IT’S ALL ABOUT GROWTH