TASE:LUMIBanks
A Look At Bank Leumi (TASE:LUMI) Valuation After Strong US$1b CoCo Bond Issuance
Bank Leumi le-Israel B.M (TASE:LUMI) has completed a US$1b international CoCo bond issuance that drew about US$2.5b in demand, at the lowest spread ever achieved by an Israeli bank overseas.
See our latest analysis for Bank Leumi le-Israel B.M.
Despite the successful CoCo issuance and recent AI recognition, momentum in the stock has cooled, with the 30 day share price return down 10.48% and the 90 day return down 12.59%. This is even as the 1 year total shareholder return sits at 24.75% and...