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CAP - Midroog assigns a rating of Aa3.il(hyb) with a stable outlook for the issuance of subordinated notes with a contractual loss absorption mechanism ("CoCo") Series 11, up to NIS 1.5 billion par value.

Company: Israel Discount Bank Ltd. Date: 2025-08-20 Language: English Register to download

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# ISRAEL DISCOUNT BANK LTD

ISRAEL DISCOUNT BANK LTD

Registration Number: 520007030

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form T125 (Public) Transmitted via MAGNA: 20/08/2025 [www.isa.gov.il](http://#) [www.tase.co.il](http://#) Reference: 2025-01-062151

## Immediate Report on Rating of Debentures / Corporate Rating or Termination of Rating

On 20/08/2025, Midroog published: \_\_\_\_\_\_\_\_\_

- Rating Report/Notice (Updated)
- Notice of Termination of Rating
- 1. Rating Report or Notice
- Corporate Rating: Midroog \_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_ Aaa.il stable

Notes/Essence of the Notice: Other, see note below

#### Rating History in the 3 Years Prior to the Rating/Notice:

| Date       | Rated<br>Entity                   | Rating                      | Notes/Essence<br>of<br>Notice  |
|------------|-----------------------------------|-----------------------------|--------------------------------|
| 19/05/2025 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 29/12/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 19/11/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 13/11/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | confirmation<br>Rating         |
| 03/09/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 18/08/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 02/01/2024 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 15/11/2023 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | confirmation<br>Rating         |
| 12/06/2023 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 10/11/2022 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | Other,<br>see<br>note<br>below |
| 09/11/2022 | ISRAEL<br>DISCOUNT<br>BANK<br>LTD | Midroog<br>Aaa.il<br>stable | confirmation<br>Rating         |

Explanation: In the rating history, only the rating history of the rating company subject to this immediate report should be detailed.

Rating of the corporation's debentures:

| Name<br>and<br>Type<br>of<br>Security | Security<br>Number | Rating<br>Company | Current<br>Rating | Notes/Essence<br>of<br>Notice |
|---------------------------------------|--------------------|-------------------|-------------------|-------------------------------|
| _________                             | _________          | _________         | _________         | _________                     |

### Rating History in the 3 Years Prior to the Rating/Notice:

| Name<br>and<br>Type<br>of<br>Security | Security<br>Number | Date      | Type<br>of<br>Rated<br>Security | Rating    | Notes/Essence<br>of<br>Notice |
|---------------------------------------|--------------------|-----------|---------------------------------|-----------|-------------------------------|
| _________                             | _________          | _________ | _________                       | _________ | _________                     |

Explanation: In the rating history, only the rating history of the rating company subject to thisimmediate report should be detailed.

Attached is the rating report: 200825\_מדרוג\_דירוג\_דוח\_isa.pdf

2. On \_\_\_\_\_\_\_\_\_, \_\_\_\_\_\_\_\_\_ announced the termination of rating for: \_\_\_\_\_\_\_\_\_

#### Details of the authorized signatories on behalf of the corporation:

| # | Name           | Position                                                      |
|---|----------------|---------------------------------------------------------------|
| 1 | Yossi<br>Barsi | Other:<br>Senior<br>Vice<br>President,<br>Chief<br>Accountant |
| 2 | Gad<br>Barlev  | Other:<br>Head<br>of<br>Investor<br>Relations                 |

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. The staff's position on the matter can be found on the Authority's website: [Click](http://#) here.

Midroog rating from 20.8.25 – Rating for deferred debentures with a contractual loss absorption mechanism (COCO) to be issued by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank, if issued.

Midroog rating from 19.5.25 – Given in connection with a public offering of bonds (Series 17 by way of expanding a traded series) and commercial papers (Series 6), which was carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 29.12.24 – Given in connection with a public offering of bonds (Series 17) and commercial papers (Series 5), which was carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 19.11.24 – Given in connection with a public offering of deferred debentures (Series 10 by way of expanding a traded series) by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. The offering was made as part of a partial exchange tender offer, while simultaneously DISCOUNT MANPIKIM LTD purchased deferred debentures from Series 6.

Midroog rating from 3.9.24 – Given in connection with a public offering of bonds (Series 16) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 18.8.24 – Given in connection with a public offering of deferred debentures (Series 10) and commercial papers (Series 4) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 2.1.24 – Given in connection with a public offering of bonds (Series 16) and commercial papers (Series 3) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 12.6.23 – Given in connection with a public offering of deferred debentures (Series 9) and bonds (Series 15) through expansions of series, carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Midroog rating from 10.11.22 – Given in connection with a public offering of deferred debentures (Series 9), carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Short name: ISRAEL DISCOUNT BANK LTD.

Address: Discount 1, Rishon LeZion 7574602 Phone: 03-9439111, Fax: 03-5171674 Email: [michal.sd@dbank.co.il](http://#)

Previous names of the reporting entity:

Electronic reporter name: Tenne Eilat Position: Attorney, General Secretary Employer company name:

Address: Discount 1, Rishon LeZion 7574602 Phone: 076-8058862, Fax: 03-5171674 Email: [ayelet.tenne@dbank.co.il](http://#)