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Name | Symbol | Market | Type |
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Qnb Fin 35 | LSE:80OA | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TIDM80OA RNS Number : 3498P Bank Hapoalim B.M. 24 March 2009 Head Office 63 Yehuda Halevi St., Bank Hapoalim Bldg., Tel Aviv 65781 Tel: 972-3-5673800; Fax: 972-3-5674576 Date: March 22, 2009 Reference: 802/09 +-------------------------------------------+ | To:The London Stock Exchange | +-------------------------------------------+ Dear Sir or Madam, RE:Immediate Report Bank Hapoalim B.M. (hereinafter: "the Bank") is pleased to advise, further to the immediate report published on 3rd March, 2009 (Number 048738-01-2009), as follows; On 18th March, 2009 the Bank received the approval of the Supervisor of Banks for the payment at their scheduled time of interest payments on account of Subordinated Capital Notes (Series A) which the Bank issued under a prospectus which was published in November 2001 (hereinafter: "Capital Notes") and on account of additional subordinated capital notes which were issued by way of private issues (Series B and C) in the month of February 2004 and the month of November 2007 (hereinafter: "the Tier I Capital Notes"), notwithstanding that there may occur the suspensive circumstance according to which during six consecutive quarters the Bank did not report a cumulative net profit (hereinafter: "the Suspensive Circumstance"). The Supervisor confirmed that payment of the interest on account of the Capital Notes and the Tier I Capital Notes, even if there exists the Suspensive Circumstance, would not affect their inclusion in the Tier II and Tier I capital of the Bank (as the case may be). Further to the aforesaid confirmation of the Supervisor, the trustee gave notice on 19th March, 2009 to the holders of the Capital Notes and the Tier I Capital Notes that he gives his consent to the payment of the interest on account of the Capital Notes and the Tier I Capital Notes, even if there exists the Suspensive Circumstance. In the light of having received the confirmation of the Supervisor of Banks and the consent of the trustee as aforesaid, the Bank will make payment in full to the holders of the Capital Notes and the Tier I Capital Notes of the interest due to them on account thereof, such payment to be made at the times fixed for effecting payment of the interest, even if there exists at such times the Suspensive Circumstance. Yours faithfully, Bank Hapoalim B.M. ( - ) ( - ) +------------------------------+---+--------------------------------+ | Yacov Haimovich | | Yoram Weissbrem | | Head of ALM Division | | Secretary of the Bank | +------------------------------+---+--------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCIIFVRVFISFIA
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