80OA Qnb Fin 35

 

TIDM80OA 
 
RNS Number : 2002Q 
Bank Hapoalim B.M. 
06 April 2009 
 

Head Office 
63 Yehuda Halevi St., Bank Hapoalim Bldg., Tel Aviv 65781 
Tel: 03-5673800; Fax: 03-5674576 
Date: 02/04/2009 
 
 
 
 
To    :The London Stock Exchange 
 
 
 
 
Dear Sirs, 
 
 
Re:  Immediate Report 
 
 
Bank Hapoalim BM. (the "Bank") respectfully notifies as follows: 
In the afternoon hours of April 1, 2009, the Supervisor of Banks informed Bank 
Hapoalim BM. that a sum of approximately U.S. $145 million raised by Hapoalim 
International N.V., a wholly-owned subsidiary of the Bank (the "Subsidiary"), in 
a non-public issue of subordinated notes, will be deemed as secondary capital of 
the Bank. 
Prior to receipt of the Supervisor's approval, the Subsidiary issued five series 
of unlisted subordinated notes, in a non-public issue under the Global Medium 
Term Note Programme (the "Programme"). The Programme was approved by the U.K. 
Financial Services Authority under the Financial Services and Markets Act. The 
Subsidiary's undertakings with respect to each one of the series are backed by 
the Bank's guarantee, as specified in the Programme's Offering Circular. 
The main terms of the said series of subordinated notes are as follows: 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Interest    | Interest rate      | Type of  | Principal      |Currency  | Series | 
| payment     |                    | interest | payment period |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Semi-annual | six-month Libor +  | Variable | 5 years and a  |   USD    | 2014B  | 
|             | 2.15%              |          | day            |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Semi-annual | 4.377%             | Fixed    | 5 years and a  |   USD    | 2014A  | 
|             |                    |          | day            |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Semi-annual | six-month Libor +  | Variable | 7 years and a  |   USD    | 2016   | 
|             | 3.05%              |          | day            |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Semi-annual | six-month Libor +  | Variable | 10 years and a |   USD    | 2019   | 
|             | 3.60%              |          | day            |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
| Semi-annual | six-month Libor +  | Variable | 5 years and a  |   CAN    | 2014C  | 
|             | 2.15%              |          | day            |          |        | 
+-------------+--------------------+----------+----------------+----------+--------+ 
The proceeds of the issue will be deposited at the Bank, on a subordinated 
basis, subordinate to other liabilities of the Bank, other than liabilities 
which have been or will be ranked pari passu with, or inferior to, the said 
subordinated notes. 
 
 
 
 
 
 
 
 
Yours faithfully, 
 
 
Bank Hapoalim B.M. 
+----------------------------+-------+--------------------------+ 
|           ( - )            |       | ( - )                    | 
+----------------------------+-------+--------------------------+ 
|       Mario Szuszan        |       |     Yoram Weissbrem      | 
|  Senior Deputy Managing    |       |  Secretary of the Bank   | 
|          Director          |       |                          | 
+----------------------------+-------+--------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCILFFLSFIRIIA 
 

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