Hapoalim International NV Rating of Corporation (1515C)

TIDM51IR

RNS Number : 1515C

Hapoalim International NV

13 June 2019

RNS Notification

13 June 2019

Offering Circular dated 30 July 2015 in respect of the USD 2,500,000,000 Global Medium Term Programme (the "Programme") of Hapoalim International N.V. (the "Issuer"), as amended, restated or supplemented from time to time (the "Offering Circular")

RE: Notification in respect of certain events affecting Bank Hapoalim B.M., the guarantor of the Issuer's obligations under the Programme

Terms used but not otherwise defined herein shall have the meanings ascribed to them in the Offering Circular.

The Issuer makes the following announcement in respect of Bank Hapoalim B.M., the guarantor of the Issuer's obligations under the Programme (the "Guarantor"):

The Guarantor has published the attached immediate report on rating of corporation:

LEI of the Guarantor: B6ARUI4946ST4S7WOU88

Class and sub-class of regulated information: Ongoing regulated information - Inside information

For further information please contact:

Gilad Bloch

Secretary of the Bank

Bank Hapoalim B.M.

   Direct Dial:            [phone] 
   Email:                   [e-mail] 

The following is an unofficial translation of the Hebrew report and has been prepared for convenience only. In case of any discrepancy, the Hebrew version prevails.

"

Bank Hapoalim B.M.

Number with the Registrar: 520000118

   Securities Authority   Tel Aviv Stock Exchange Ltd.     Tav 125   Transmitted 11/06/2019 
   www.isa.gov.il           www.tase.co.il                        (Public)   Ref: 2019-01-049392 

Immediate Report on the Rating of Bonds / Rating of a Corporation or Discontinuation of Rating

On 11/06/2019 Maalot S&P published:

An up-to-date rating report / notice

   --   Notice of discontinuation of rating 
   1.   Rating report or notice 

Rating of the

              Corporation:      Maalot S&P   __________   ilAAA                        stable 

Notice/Nature of

              the Notice:                Rating Affirmed ___________ 

Rating history for the 3 years preceding the rating date / notice:

   Date            Subject of the Rating               Rating                           Notes/Nature 

of the Rating

 
 06/06/2019   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
 01/04/2019   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 26/03/2019   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 19/03/2019   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 28/11/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 22/11/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 15/11/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 04/06/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 29/04/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 08/04/2018   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 24/10/2017   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 21/12/2016   Bank Hapoalim   Maalot S&P      Rating Affirmed 
               B.M.            ilAAA Stable 
             --------------  --------------  ---------------- 
 

Explanation: Under the rating history only the rating history of the rating company

referred to in the Immediate Report should be specified.

               --   Rating of the Corporation's Bonds: 
          Name and   Number of the    Rating            Present                          Notes/Nature 
          Type of       Security on the   Company       Rating                           of the Notice 
           Security     Stock Exchange 
 
 _________   ________   _________    _________ ________     __________ 
                         _________    ______ ______ _____    __________ 
 

Rating history for the 3 years preceding the rating date / notice:

          Name and   Number of the     Date      Type of          Rating                   Notes/Nature 

Type of Security on the Rated of the Notice

           Security     Stock Exchange                 Security 
 
 ________   ____________   _____   _______   _____ ____        __________ 
                                              ____ ____ ____    __________ 
 

Explanation: Under the rating history only the rating history of the rating company

referred to in the Immediate Report should be specified.

Attached hereto is the rating report:

   2.   On (date) __________, _____________   ___________ gave notice of discontinuation of rating to: _____________________ 

Remark:

The attached rating report is an update to the rating report dated 06.06.2019 in connection with an increase of the limit of the amount of subordinated notes with a loss absorption mechanism in the issue, if carried out.

The names of the signatories on behalf of the Corporation and their job title:

Yadin Antebi, Head of Financial Markets and International Banking

Meirav Ben Shushan Cohen, Executive VP, Assets Liability Management

Signed on June 11th, 2019

The reference numbers of the previous documents on the subject (any citation made does not constitute inclusion by way of reference):

2019-01-048858

Date on which the structure of the form was updated: 30/40/2019

The securities of the Corporation are listed for trading on the Tel Aviv Stock Exchange

Abbreviated Name: Poalim

Address: POB 27, Tel Aviv 6100001 Telephone: [phone] 3333, Fax: [phone]

   Electronic Mail: [e-mail]   Company Website: http://www.bankhapoalim.co.il 

Previous names of reporting entity:

Name of Electronic Reporter: Bloch Gilad, His Job Title: Secretary of the Bank, Name of Employing Company:

Address: Yehuda Halevy 63, Tel-Aviv 6578109, Telephone: [phone] Fax: [phone],

Electronic Mail: [e-mail]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 13, 2019 10:29 ET (14:29 GMT)