Uri Levin, CEO of the Discount Group: “The high demand and the volume of IPOs in the offering reflect the trust of investors in Discount and the Bank’s ability to realize its significant growth potential.”
On Sunday, 28.11.2021, Discount Bank completed a public offering of 3 debt series:
The tender recorded high demand of NIS 5.8 billion, of which the Bank responded to NIS 4.6 billion, the highest amount raised ever in the Israeli capital market.
Discount is making the move as part of the day-to-day management of capital and liquidity needs under the multi-year plan. The raising will strengthen the infrastructure for the accelerated growth strategy of the Bank’s credit portfolio, which is also reflected in the results of the third quarter of 2021, which the Bank published last week.
The move was led by Assaf Pasternak, Head of the Financial Markets Division, Elad Fischer, Director of GT, and Gad Bar-Lev, CEO of Discount Issuers. “L, Liran Razmovich.
Uri Levin, CEO of the Discount Group: “The high demand and the volume of IPOs in the offering reflect the trust of investors in Discount and the Bank’s ability to realize its significant growth potential.”
Series T bonds amounting to NIS 3.1 billion in a maturity of about 6 years and an effective margin of 0.80%,
Commercial securities in the amount of NIS 907 million at an annual maturity of 0.23% above the Bank of Israel interest rate and deferred promissory notes with a mechanism for absorbing COCO losses of NIS 580 million at a maturity of approximately 6 years and at an effective margin of 1.86%.