Menora MIV HON

The company is engaged in issuing bonds and depositing the proceeds with Menora Mivtachim.

Sector: InsuranceMarket cap:
All analyses

Analyses on Menora MIV HON (1)

Menora Miv Hon 2025: The Capital Conduit Expanded, but the Real Spread Stayed Near Zero

Menora Miv Hon ended 2025 as a much larger capital conduit, but not as a company with meaningful standalone spread. Financing income and financing expense still move almost one for one, and the structure's value depends on Menora Insurance's capital needs.

March 30, 2026
Follow-up dives

Follow-up dives on Menora MIV HON (1)

Follow-up

Menora Miv Hon: What Investors Are Really Buying in the NIS 800 Million Write-Down Hybrid Note

Series Y is not a plain long-dated bond but a regulatory capital layer that the market reads through the 2035 call point, even though the legal maturity runs to 2074 and the terms include payment deferral and write-down logic.

March 30, 2026