Israel Discount Bank $800 million senior notes
We advised Israel Discount Bank on its debut Rule 144A / Regulation S senior notes offering
Davis Polk advised Israel Discount Bank Limited in connection with its debut Rule 144A / Regulation S offering of $800 million aggregate principal amount of its 5.375% senior notes due 2028. Israel Discount Bank Limited intends to use the proceeds from the offering for its general liquidity management purposes.
Israel Discount Bank Limited is a full-service banking group operating across multiple sectors including commercial, retail, corporate and institutional banking, capital markets and investment banking. It is the fourth largest banking group in Israel by total assets and customer deposits. Israel Discount Bank Limited is listed on the Tel Aviv Stock Exchange.
The Davis Polk corporate team included partners Reuven B. Young and Michael Kaplan and associate Alexander W. Simmonds. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Spencer Pan provided tax advice. European counsel John Taylor provided English law and European Union advice. Members of the Davis Polk team are based in the London and New York offices.