Leumi’s NIS2.75 Billion Capital Raising

In UK Latham & Watkins, advised on the matter.

Latham & Watkins advised Barclays Bank, Citibank, Jefferies with a team including Ryan Benedict (Corporate M&A), Joshua Kiernan (Picture – Corporate M&A).

Bank Leumi announced its NIS2.75 billion capital raising as part of an issuance of shares to Israeli and foreign institutional investors. Leumi’s stock price at the issuance was NIS30.25 per share.

The issuance is intended to support Leumi’s growth strategy and expand the bank’s credit portfolio, mainly in the fields of corporate and commercial credit and mortgages. The raising will also allow the bank to strengthen its capital base.

The Latham team was led by capital markets partners Joshua Kiernan (Picture) and Ryan Benedict, with associates Gilad Zohari and Adam Deutsch.

Involved fees earner: Ryan Benedict – Latham & Watkins; Adam Deutsch – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Gilad Zohari – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Barclays Bank; Citibank; Jefferies;

Author: Giulia Di Palma