Debt Investors
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Bezeq Group Financial Debt
NIS billions
Debt Terms (NIS millions, as of December 31, 2023)
| Source | Principal | Currency | Linkage | Type of Interest | Average Interest Rate | Interest Rate Range in 2023 |
|---|---|---|---|---|---|---|
| Banks | 799 | NIS | Unlinked | Fixed | 3.62% | 3.20% - 4.95% |
| Banks | 700 | NIS | Unlinked | Variable, based on the prime interest rate | 6.71% | 5.78 - 6.78% |
| Non-bank sources | 3,070 | NIS | Unlinked | Fixed | 3.06% | 2.79% - 4.00% |
| Non-bank sources | 2,504 | NIS | CPI | Fixed | 1.40% | 0.58% - 2.20% |
Summary of Financial Undertakings as of December 31, 2023 (based on repayment dates)
NIS millions
Notes Issued to the Public (Bezeq Fixed-Line)
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | 295,247 | 532,490 | 117,277 | 945,014 |
| Second year | 295,247 | 532,490 | 91,345 | 919,082 |
| Third year | 278,646 | 166,953 | 60,374 | 505,973 |
| Fourth year | 278,646 | 166,953 | 50,295 | 495,894 |
| Fifth year and therafter | 1,356,389 | 930,900 | 133,949 | 2,421,238 |
| Total | 2,504,175 | 2,329,786 | 453,240 | 5,287,201 |
Private Notes and Other Non-Bank Credit (Bezeq Fixed-Line)
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | - | 45,000 | 25,267 | 70,267 |
| Second year | - | 130,000 | 23,186 | 153,186 |
| Third year | - | 170,000 | 18,429 | 188,429 |
| Fourth year | - | 170,000 | 12,577 | 182,577 |
| Fifth year and thereafter | - | 225,000 | 12,281 | 237,281 |
| Total | - | 740,000 | 91,740 | 831,740 |
Credit from Israeli Banks (Bezeq Fixed-Line)
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | - | 186,000 | 71,483 | 257,483 |
| Second year | - | 146,000 | 66,549 | 212,549 |
| Third year | - | 243,500 | 62,333 | 305,833 |
| Fourth year | - | 143,500 | 55,683 | 199,183 |
| Fifth year and thereafter | - | 780,000 | 108,087 | 888,087 |
| Total | - | 1,499,000 | 364,135 | 1,863,135 |
Total Debt - Bezeq Fixed-Line
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | 295,247 | 763,490 | 214,027 | 1,272,764 |
| Second year | 295,247 | 808,490 | 181,080 | 1,284,817 |
| Third year | 278,646 | 580,453 | 141,136 | 1,000,235 |
| Fourth year | 278,646 | 480,453 | 118,555 | 877,654 |
| Fifth year and thereafter | 1,356,389 | 1,935,900 | 254,317 | 3,546,606 |
| Total | 2,504,175 | 4,568,786 | 909,115 | 7,982,076 |