Bank of Jerusalem completes NIS610m mortgage-backed securitization
Categories: Capital Markets
Bank of Jerusalem has completed a complex private securitization transaction involving the issuance of multiple tranches of mortgage-backed notes totaling approximately NIS 610 million.
The senior tranche, representing 94.5% of the securitized mortgage portfolio, received a -AA rating from S&P Global, exceeding the credit rating of the State of Israel. The transaction marks the second securitization of its kind carried out by an Israeli bank, following a prior NIS 500 million issuance completed in June 2025.
Herzog, Fox & Neeman advised Bank of Jerusalem on the transaction. The team was led by partners Natalie Jacobs and Elina Shechter, and associate Moshe Asayag.
