Davis Polk acted as U.S. adviser to Moinian Limited on its NIS 1.4 billion bond issuance on the Tel Aviv Stock Exchange (“TASE”) ($361 million). The bond issuance is the largest TASE offering to date by a U.S. real estate company.

Moinian Limited, a British Virgin Islands company, is wholly owned by Joseph Moinian, founder and CEO of The Moinian Group. Founded in 1982, The Moinian Group is one of the largest private real estate companies in New York. The company owns, develops and operates a variety of properties, including offices, hotels, commercial centers and residential buildings. Moinian Limited’s portfolio includes ownership interests in 12 commercial buildings, two hotels and two development sites located in New York, and one commercial building located in New Jersey.

The Davis Polk real estate team included partner Brian S. Lichter and associates Brian D. Hirsch, Stephen J. Holler, Lisa M. Doolittle and Victoria M. Zhou. Counsel Gregory T. Hannibal and associate Omer Harel provided tax advice. Partner Michael Kaplan and associate Stephanie M. Rohlfs provided capital markets advice. Partner Paul Spagnoletti provided litigation advice. Members of the Davis Polk team are based in the New York and London offices.

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