PRNewsWire
03 Jun 2026, 04:37 UTC · 2h ago
Another vote of confidence from international: Bank Leumi Completes Overseas CoCo Bond Issuance totaling USD 1 Billion - in the lowest spread in the history of an Israeli bank issuance
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PRNewsWire
03 Jun 2026, 04:37 UTC · 2h ago
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Bank Leumi completed a USD 1 billion international issuance of CoCo bonds with a spread of 155 basis points, the lowest in the history of an Israeli bank overseas issuance. — The record-low spread indicates exceptionally strong investor confidence in the bank's creditworthiness and the broader Israeli economy.
+0.60Investor demand for the CoCo bond offering reached approximately USD 2.5 billion, significantly exceeding the USD 1 billion issuance amount. — Strong oversubscription suggests high appetite for the bank's debt and a favorable environment for its capital raising.
+0.40The issued CoCo bonds have a term of 10.25 years with a call option after 5 years and an interest rate of 5.7%. — This provides a clear timeline for the bank's capital structure and funding costs for the medium to long term.
+0.20Ticker attribution
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The company successfully issued $1 billion in CoCo bonds with the lowest spread in the history of an Israeli bank issuance, indicating high investor confidence.
[a_to_b] Citibank acted as a lead investment bank for Bank Leumi's bond issuance.
[a_to_b] Goldman Sachs acted as a lead investment bank for Bank Leumi's bond issuance.
[a_to_b] Morgan Stanley acted as a lead investment bank for Bank Leumi's bond issuance.
[a_to_b] Deutsche Bank acted as a lead investment bank for Bank Leumi's bond issuance.
[a_to_b] J.P. Morgan acted as a lead investment bank for Bank Leumi's bond issuance.
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