Featured Image For US$500 Million Green Note Issuance by Bank Leumi

Chapman served as US counsel to Reznik Paz Nevo Trusts Ltd. in connection with the issuance by Bank Leumi of US$500 million of tier 2 contingent convertible (CoCo) green notes. This was the bank’s first offering under its new Green Bond Framework through which an amount equal to the net proceeds will be used to finance a variety of eco-friendly projects. Chapman partner and Israel practice group leader Michael Friedman led the deal team with partner John Hitt and counsel Keith Branch.

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