Rs 100000000: The company alone gave huge money to Israel, big revelations on Netanyahu’s war games against Iran, Lebanon, the company is…, not from US, UK

As the war in Gaza continued after October 2023, questions were raised over how Israel managed to finance its military operations. Running a war requires billions of dollars for weapons, missile defence systems, troop deployment and supporting the economy.

One of the major sources of funding came through government bonds, which saw record investments during the conflict.

Israel raised money through government bonds

When governments need funds, they issue bonds, which are essentially loans taken from investors. In return, investors receive interest on their money.

During the wars involving Gaza, Lebanon and later Iran, Israel issued large amounts of government bonds. The interest rates on these bonds rose from around 1.4% before the war to about 5.56% during the conflict, making them more attractive to investors.

Allianz-PIMCO emerged as the biggest foreign investor

According to data from a research firm based in Amsterdam, German insurance giant Allianz and its US-based subsidiary PIMCO became the largest foreign investors in Israeli government bonds.

By September 2025, the Allianz-PIMCO group held Israeli bonds worth around $2.67 billion. This represented nearly 51.8% of all foreign holdings in Israeli government bonds at that time.

Foreign investment increased sharply

Reports show that foreign investors held about $1.16 billion worth of Israeli bonds in November 2024. By March 2026, this figure had increased to nearly $4.91 billion.

Almost 90% of the investment came from the United States and Germany, while the rest of the world accounted for less than 10%.

What is PIMCO?

PIMCO, founded in California in 1971, is one of the world’s largest bond investment firms. As of early 2026, the company managed assets worth around $2.27 trillion.

Since 2000, PIMCO has been owned by Allianz, which is why their investments are often considered together.

US investors also increased exposure

Although Germany appeared to be the largest investor, reports noted that around 94% of the investments attributed to Germany were managed by PIMCO in the United States.

By March 2026, US investors held approximately $2.02 billion worth of Israeli bonds. Investment giant Vanguard also increased its holdings to more than $1 billion for the first time.

Some European funds reduced investments

While some investors increased their exposure, several European funds moved in the opposite direction.

Denmark’s Akademiker Pension removed Israel from its investment portfolio in September 2025. Ireland’s Strategic Investment Fund sold its Israeli government bonds, while Norway’s sovereign wealth fund withdrew investments from several Israeli companies and banks.

Human rights groups raised concerns

Human rights organisations have questioned these investments, arguing that financial support during a period of international legal scrutiny raises ethical and legal concerns.

However, Allianz and PIMCO have maintained that their investments were based on economic fundamentals and attractive returns.

Pro-Palestinian groups have also staged protests against Allianz in Europe. The company has reportedly filed a lawsuit seeking damages of around £300,000, with the case expected to be heard in a London court.