Discount continues to lead the bank’s growth trend, and announced that last night (Thursday) it successfully completed the pricing phase of the first international dollar debt issue in the bank’s history.
In the issue, in which institutional investors from the USA, the UK, the countries of the European Union and other countries participated, high demands of approximately 3 billion dollars were registered, of which the bank responded to 800 million dollars at a margin of 190 basis points above the yield of US government bonds , for a period of 5 years.
The issuance is of a senior bond in foreign markets (senior bond), and its purpose is to expand the bank’s funding sources among foreign institutional investors.
The current issue was led on behalf of the bank by Assaf Pasternak, head of the financial markets division; Barak Nardi, head of the strategy, finance and holdings division; Vagad Bar Lev, CEO of ‘Discount Issuers’. The concentration of the issue was carried out by Citigroup and was joined by Barclays from the UK and Jefferies from the USA, as underwriters abroad and Discount Capital in Israel.
Uri Levin, CEO of the Discount Group: “The impressive results of the IPO testify to the strength of Discount, to the confidence of foreign investors in the direction the bank is taking and its growth potential. The IPO opens up a new avenue for the bank to raise long-term liquidity, and allows us to continue to lead the competition in the banking system and promote growth and prosperity for customers and investors in Israel and overseas.”