Israel's Excellence Investments raised ILS210m ($56m) for two structured products marketed in December, according to local news reports. The money was mostly from institutional investors, said Ha'aretz. One of the products provided returns of 150% of the increase in Bank Leumi stock, with a ceiling of 22.5% (the term of the product could not be determined).
Excellence is a local financial services firm offering brokerage and investment banking services in partnership with Piper Jaffray.