TIDM51IR

RNS Number : 0819Z

Hapoalim International NV

15 May 2019

RNS Notification

15 May 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 the rating of a corporation - Fitch Ratings:

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:            +972 (0)3 567 3800 
   Email:                   gilad.bloch@poalim.co.il 

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

 
 
   To: Securities     To: The Tel-Aviv Stock     Tav125 (public)     Transmission Date: 
   Authority          Exchange Ltd.                                  07/05/2019 
   www.isa.gov.il     www.tase.co.il                                 Reference: 2019-01-044512 
-----------------  -------------------------  ------------------  ---------------------------- 
 

Immediate Report on the Rating of Bonds /

Rating of a Corporation or Discontinuation of Rating

On 07/05/2019 Fitch Ratings published:

An up-to-date rating report / notice

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

Rating of the

              Corporation:      Fitch Ratings: A/F1                           stable 

Notice/Nature of

              the Notice:                Watch List (Positive) / Rating Review (Positive) 

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

   Date            Subject of the Rating               Rating                        Notes/Nature 

of the Rating

 
 01/05/2019   Bank Hapoalim   Fitch Ratings A/F1   Rating Affirmed 
               B.M.            Stable 
 09/01/2019   Bank Hapoalim   Fitch Ratings A/F1   Rating Affirmed 
               B.M.            Stable 
             --------------  -------------------  ---------------- 
 02/05/2018   Bank Hapoalim   Fitch Ratings A/F1   Rating Affirmed 
               B.M.            Stable 
             --------------  -------------------  ---------------- 
 07/02/2018   Bank Hapoalim   Fitch Ratings A/F1   Rating Affirmed 
               B.M.            Stable 
             --------------  -------------------  ---------------- 
 14/02/2017   Bank Hapoalim   Fitch Ratings A/F1   Rating Affirmed 
               B.M.            Stable 
             --------------  -------------------  ---------------- 
 25/11/2016   Bank Hapoalim   Fitch Ratings A/F1   Upgrade 
               B.M.            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: http://www.rns-pdf.londonstockexchange.com/rns/0819Z_1-2019-5-15.pdf

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

Fitch Ratings updates that Bank Hapoalim's short-term rating was included in a positive watch list, as part of the updating of short-term rating scales of several dozen banks. As stated in the attached report, Fitch Ratings intends to complete the examination and determine the final rating over the next six months. There is no change to the long-term rating or to the outlook of the Bank's rating.

The names of the signatories on behalf of the Corporation:

Ofer Koren, Head of Finance - CFO

Karen Mazor, Head of Investor Relations Department

Signed on May 7th, 2019

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

Date on which the structure of the form was updated: 30/04/2019

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: 03-567 3800. 03-567 3333, Fax: 03-567 4576

Electronic Mail: gilad.bloch@poalim.co.il Company Website: http://www.bankhapoalim.co.il

Previous names of reporting entity:

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

Address: Yehuda Halevy 63, Tel-Aviv 6578109, Telephone: 03-567 3800 Fax: 03-567 4576,

Electronic Mail: gilad.bloch@poalim.co.il

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 rns@lseg.com or visit www.rns.com.

END

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