Capital Markets
FBC has one of Israel’s leading Capital Markets practices. The Capital Markets team provides counsel on international and local public offerings, private placements, controlling shareholder transactions and issues relating to corporate governance, and ongoing reporting and filing requirements under Israeli and foreign securities laws.
FBC represents issuers, banks and underwriters in large and complex placements of equity and debt securities on the Israeli and international capital markets and is considered to be a pioneer in developing complex capital financing provided by insurance companies, and in advising on negotiable and non-negotiable financial instruments, exchange-traded certificates and bond transactions.
FBC’s representation regularly includes preparation of prospectuses and other disclosure documents, conducting due diligence reviews, assisting with corporate and tax planning, negotiating between issuers and underwriters and counseling with respect to a full range of regulatory authorities, including the Israel Securities Authority, stock exchanges in Israel and abroad, and rating agencies.
Joint Global Coordinators (JP Morgan and HSBC) and Israeli Underwriter (Leader Underwriters) in the IPO of Tamar Petroleum Ltd., the first equity offering of its kind, combining a public offering in Israel, and offerings in the United States, Europe and other jurisdictions
B Communications Ltd. (NASDAQ; TASE), in a unique and innovative $800M International High Yield note offering, the first ever international offering of high yield notes listed on the TASE
Bezeq The Israel Telecommunications Corp., in a NIS 2.7B offering of debentures listed on the TASE, the largest debt offering on the Tel Aviv Stock Exchange at the time
Dual-listed companies (in Israel and in the U.S.) – e.g., WIX, B Communications, Perrigo Company, Internet Gold – Golden Lines, Kamada and Matomy
International underwriters, e.g., J.P. Morgan, HSBC, Goldman Sachs and Bank of America
Generation Capital Fund, in the establishment and offering of an infrastructure & energy investment fund, intended to be Israel’s first traded infrastructure fund
Real Estate Investment Trusts (REIT), e.g. REIT 1 (Israel’s first traded REIT) and REIT Azorim Living
U.S. real estate companies, in debt issuances on the TASE – e.g., Strawberry Fields, Silverstein Properties, Chosen Properties, WCG Properties, Altitude Investments and Starwood West
Kamada (NASDAQ; TASE); Check-Cap (NASDAQ)
Israel’s largest insurance companies and investment houses, in public and private offerings of debt and hybrid capital instruments
