represented Bank Leumi in a NIS 4.4 billion issuance of three series of contingent convertible bonds (“COCO”), bonds and commercial papers

Congratulations to our client, Bank Leumi בנק לאומי, on successfully raising NIS 4.4 billion (following impressive demands totaling NIS 6.7 billion from Institutional Investors) through the issuance of a new series of contingent convertible bonds (“COCO”), commercial papers and the expansion of existing bond series.

All three series are top-rated by S&P Global Ratings.

We are pleased to have represented Bank Leumi in this issuance, with Partner Ran Shalom and Associate Marom Bouznah of our Corporate, Securities, and Capital Markets Department leading the legal advisory.

Read more about this issuance here: https://il.investing.com/news/economy/article-433239