FBC represents Migdal in its NIS 1.1B IPO and TASE listing of hybrid capital

By FBC | Jun 2015 | Transaction

FBC represents Migdal Insurance, Israel’s largest insurance group, in the NIS 1.1B initial public offering of hybrid capital debentures and listing on the Tel Aviv Stock Exchange of Migdal Capital Raising Ltd., a wholly owned subsidiary of Migdal Insurance. The offering proceeds are deposited in Migdal Insurance and serve as tier 2 hybrid capital of the insurance company.