The company is engaged in issuing bonds and depositing the proceeds with Migdal Insurance.
Migdal Bituach Hon should not be judged by its own earnings line but by its ability to stay an open capital conduit for Migdal Insurance, and 2025 showed that this conduit is still functioning and has even expanded.
Migdal Bituach Hon's real refinancing wall sits at the first call dates: all roughly NIS 6.45 billion of principal across 12 series reaches a first call by the end of 2030, even though final maturities run from 2031 to 2043. The draft Additional Tier 1 deed only sharpens why the…
What already counts as capital at Migdal Bituach Hon is overwhelmingly a large, diversified Tier 2 layer with about NIS 6.45 billion of principal across 12 public series. Additional Tier 1 is still not existing capital, only a possible issue of up to NIS 500 million with deeper…
