BANK HAPOALIM has unveiled plans to establish a $600m global MTN programme, signalling the arrival of Israel's largest bank in the international capital markets. The bank will launch an inaugural issue shortly after the programme signs. The $200m five year floater, to be lead managed by programme arranger Merrill Lynch, will be Hapoalim's Euromarket debut. The facility is scheduled to be signed on October 7, and the bond is expected to be launched within the following two weeks.
October 03, 1997