Citi Israel has licensed with the Israeli Securities Authority to underwrite public offerings in the Israeli capital market.
Citi has announced that it is the first international bank to lead local public offerings following the new regulations approved by the Israeli Securities Authority six months ago. Initially, Citi will be focusing its efforts on debt underwriting.
Ralph Shaaya, CEO Citi Israel, said: Citi is focused on using its international distribution capabilities in support of the local corporate bond market. This step allows us to enhance our efforts in bringing a broader range of products and services to the Israeli market.