Capital/Financing Update • Sep 2, 2025
Capital/Financing Update
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September 2, 2025
Assignment of 'ilAAA' rating to a bond issuance of up to 1.7 billion
₪ par value and assignment of '+ilA-1' rating to new commercial papers up to
1.3 billion ₪ par value.
Matan Benjamin 972-3-7539716 [email protected]
Eyal Chelouche 972-3-7539737 [email protected]
Following our announcement dated August 20, 2025, S&P Maalot hereby announces that the 'ilAAA' rating for bonds to be issued by FIRST INTERNATIONAL BANK OF ISRAEL LTD. (+ilAAA/Negative/ilA-1) through the issuance of a new series, Series 13, is valid for an amount of up to ₪1.7 billion par value. S&P Maalot also announces that the '+ilA-1' rating for commercial papers to be issued by the bank through a new series, Series 1, is valid for an amount of up to ₪1.3 billion par value. The issuances will be carried out through FIRST INTERNATIONAL ISSUES LTD.
For more details about the bank's rating and additional regulatory requirements, see the rating report from May 29, 2025.
1.
September 2, 2025 Issuance Rating
**FIRST INTERNATIONAL BANK OF ISRAEL LTD.**
| FIRST INTERNATIONAL BANK OF ISRAEL LTD. |
Rating | Date Published |
Last Rating Update |
|---|---|---|---|
| Ltd. | Initial Rating |
||
| Issuer Rating(s) |
|||
| Short Term |
ilA-1+ | 20/08/2025 | 20/08/2025 |
| Long Term |
ilAAA\Negative | 23/11/1997 | 29/05/2025 |
| Date | Rating |
|---|---|
| October 31, 2023 |
ilAAA\Negative |
| July 11, 2019 |
ilAAA\Stable |
| December 20, 2018 |
ilAA+\Positive |
| October 07, 2014 |
ilAA+\Stable |
| November 15, 2010 |
ilAA\Stable |
| June 16, 2009 |
ilAA\Negative |
| September 24, 2008 |
ilAA\Stable |
| March 12, 2007 |
ilAA\Positive |
| February 20, 2003 |
ilAA |
| December 26, 2001 |
ilAA+ |
| November 23, 1997 |
ilAAA |
| Short Term |
|
| August 20, 2025 |
ilA-1+ |
| Rating | Date Published |
Last Rating Update |
|---|---|---|
| Initial Rating |
| Type | Rating | Date Published |
Last Rating Update |
|---|---|---|---|
| Complex Subordinated Debt Deferred Notes with Mechanism |
ilAA- | 29/08/2022 | 29/05/2025 |
| Loss Absorption Series 27 Deferred Notes with Mechanism |
ilAA- | 14/03/2022 | 29/05/2025 |
| Loss Absorption Series 26 Deferred Notes with Mechanism |
ilAA- | 09/06/2020 | 29/05/2025 |
| Loss Absorption Series 25 Short Term Debt |
|||
| Commercial Papers Series 1 |
ilA-1+ | 20/08/2025 | 20/08/2025 |
| Senior Unsecured Debt Bonds Series 10 |
ilAAA | 27/08/2019 | 29/05/2025 |
| Bonds Series 12 |
ilAAA | 23/11/2021 | 29/05/2025 |
| Bonds Series 13 |
ilAAA | 20/08/2025 | 20/08/2025 |
| Term | Date | Rating |
|---|---|---|
| Long Term |
October 09, 2024 |
ilAAA\Negative |
2 | September 2, 2025 Issuance Rating
**FIRST INTERNATIONAL BANK OF ISRAEL LTD.**
| Data | Additional Details |
|---|---|
| Time of Event |
02/09/2025 14:39 |
| Time First Known |
02/09/2025 14:39 |
| Rating Initiator |
The Rated Company |
**FIRST INTERNATIONAL BANK OF ISRAEL LTD.**
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