White & Case Advises Bank Leumi Le-Israel B.M. on Inaugural Subordinated Tier 2 US$750 Million Bond Issue

Global law firm White & Case LLP has advised Bank Leumi Le-Israel B.M. on a US$750 million issuance of 3.275% Tier 2 Subordinated Notes due 2031. 

"Bank Leumi Le-Israel B.M.'s inaugural offering is the first transaction of its kind and represents a significant milestone for the Israeli financial sector," said White & Case partner Melissa Butler, who co-led the Firm's deal team. "This deal is another example of White & Case delivering ground-breaking capital markets advice and adds to our extensive track record advising Israeli issuers."

Bank Leumi Le-Israel B.M. is one of the largest banking groups in Israel and the first bank in Israel to issue debt to international institutional investors. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933 and listed on the TACT Institutional of the Tel Aviv Stock Exchange.

The White & Case Israel practice is ranked Band 1 by Chambers and Partners. In the last decade, the Firm has helped Israeli companies to raise over US$20 billion in debt financing and Israeli companies and investors to raise over US$9 billion in equity financing.

The White & Case team in London which advised on the transaction was led by Stuart Matty and Melissa Butler and included counsel Doron Loewinger and associates Neha Saran, Anna Soroka, Tejal Velambath and Callie Wallace.

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