Israel Leumi follows up on callable range

Bank Leumi has launched two new tranches of its capital-guaranteed deposit series for Israeli retail investors.

The Callable Structured Euro Deposit is a three-year investment that pays a fixed coupon of 2.85%, 3.10% and 3.35% for each year of the investment term; while the Callable Structured Dollar Deposit is a four-year interest rate-linked structure paying 2.40%, 2.65%, 2.90% and 3.15% on a six-monthly basis for each year of the term. Both products are callable by the issuer after 1.5-years.

The products will be available until 21 April. Minimum investment is NIS10,000 ($2,900).

This product will be available shortly in Recent Additions (Offshore & other).