Mizrahi Tefahot completes note offerings worth combined USD1.45b
Categories: Banking & Finance, Capital Markets
Mizrahi Tefahot Bank completed a Rule 144A / Regulation S offering of USD 750 million aggregate principal amount of Tier 2 subordinated notes due 2036, as well a second offering of USD 700 million aggregate principal amount of senior notes due 2031.
Mizrahi Tefahot is the largest mortgage provider in Israel and one of the country’s largest banks based on total asset value .
Davis Polk advised Mizrahi Tefahot on the transactions. The firm’s capital markets team included partners Reuven B. Young and Michael Kaplan and associate Shelby Young, with tax advice from counsel Alon Gurfinkel and associate Kelli A. Rivers.
