By Angela McDaniels
Tacoma, Wash., June 13 – Bank Hapoalim BM subsidiary Poalim Hanpackot Ltd. issued NIS 594.3 million of 2.02% series K subordinated notes with a loss-absorption mechanism due 2030, according to a filing with the London Stock Exchange.
The notes constitute part of the tier 2 capital of the bank and are linked to the CPI.
The notes are callable in 2025, subject to the approval of the Supervisor of Banks.
Bank Hapoalim is based in Tel Aviv.
| Issuer: | Poalim Hanpackot Ltd.
|
| Issue: | Series K subordinated notes with loss-absorption mechanism
|
| Amount: | NIK 594.3 million
|
| Maturity: | 2030
|
| Coupon: | 2.02%
|
| Call option: | In 2025
|
| Settlement date: | June 11
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
