Immediate Report – Notice regarding the results of the issuance pursuant to the shelf offering report dated December 2, 2025
Attn
Israel Securities Authority Tel Aviv Stock Exchange Ltd.
Immediate Report – Notice regarding the results of the issuance pursuant to the shelf offering report dated December 2, 2025
Holon, Israel – December 4, 2025 – Bezeq The Israeli Telecommunications Corp. Ltd. (the "Company") (TASE: BEZQ), announced today that pursuant to Section 30 of the Israeli Securities Law, 1968, and in accordance with the Securities Regulations (Notice of Results of an Offering in a Prospectus), 1969, the Company hereby announces the results of the issuance of its debentures (Series 13 and Series 14), by way of an expansion of existing series that are listed for trading on the main list of the Tel Aviv Stock Exchange Ltd., pursuant to the Company’s Shelf Offering Report dated December 2, 2025 (the “Shelf Offering Report”), which was published under a prospectus dated May 10, 2023 and published on May 9, 2023, and which has been extended until May 9, 2026.
Debentures (Series 13 and Series 14) of the Company were offered in public tenders that concluded on December 3, 2025.
1. Results of the Tender for the Company’s Debentures (Series 13) (“Tender 13”)
1.1 According to the Shelf Offering Report, the Company offered to the public up to NIS 1,012,037,000 par value of the Company’s Debentures (Series 13), registered and unlinked (principal and interest) to any index (“Debentures (Series 13)”). The Debentures (Series 13) were offered in 1,012,037 units, each unit consisting of NIS 1,000 par value Debentures (Series 13) (“Units 13”), in a uniform offering by way of a tender for the unit price, which would not be less than NIS 890, subject to the quantitative limit set out in Section 1.1.4 of the Shelf Offering Report, according to which the actual amount of debentures to be issued would be up to NIS 905,255,000 par value, all as detailed in the Shelf Offering Report.
1.2 Classified investors submitted early commitments to submit purchase requests for 905,255 Units 13, in the quantities and at the unit prices specified in the Shelf Offering Report.
1.3 The list of bids for the purchase of Debentures (Series 13) offered to the public opened on Wednesday, December 3, 2025 at 09:00 and closed on the same day at 16:00.
1.4 The results of Tender 13 are as follows:
1.4.1 85 bids were received for the purchase of 905,255 Units 13 from classified investors as noted in Section 1.2 above.
1.4.2 The unit price for Units 13 as determined in the tender was NIS 890 (“Tender Price 13”).
1.4.3 79 bids from classified investors for the purchase of 799,910 Units 13, in which a unit price higher than Tender Price 13 was bid, were fully accepted.
1.4.4 6 bids from classified investors for the purchase of 105,345 Units 13, in which a unit price equal to Tender Price 13 was bid, were fully accepted.
1.4.5 No bids were received from the public.
1.5 In accordance with Section 6.1.4 of the Shelf Offering Report, the discount rate in the current expansion of Debentures (Series 13) is 11.01780%, and the weighted discount rate for all Debentures (Series 13) is 12.39539%.
1.6 A total of 905,255 Units 13 will be allotted for aggregate gross consideration of approximately NIS 805.7 million.
2. Results of the Tender for the Company’s Debentures (Series 14) (“Tender 14”)
2.1 According to the Shelf Offering Report, the Company offered to the public up to NIS 236,247,000 par value of Debentures (Series 14), registered and linked (principal and interest) to the Consumer Price Index for November 2021, published on December 15, 2021 (as stated in Section 4.3.1(b) of the Shelf Offering Report) (“Debentures (Series 14)”). The Debentures (Series 14) were offered in 236,247 units, each consisting of NIS 1,000 par value Debentures (Series 14) (“Units 14”), in a uniform offering by way of a tender for the unit price, which would not be less than NIS 1,008, subject to the quantitative limit set out in Section 1.2.4 of the Shelf Offering Report, whereby the actual amount to be issued will be up to NIS 192,781,000 par value, all as detailed in the Shelf Offering Report.
2.2 Classified investors submitted early commitments to submit purchase requests for 192,781 Units 14, in the quantities and unit prices set out in the Shelf Offering Report.
2.3 The list of bids for the purchase of Debentures (Series 14) opened on Wednesday, December 3, 2025 at 09:00 and closed on the same day at 16:00.
2.4 The results of Tender 14 are as follows:
2.4.1 18 bids were received for the purchase of 192,781 Units 14 from classified investors as stated in Section 2.2 above.
2.4.2 The unit price for Units 14 as determined in the tender was NIS 1,008 (“Tender Price 14”).
2.4.3 16 bids from classified investors for the purchase of 120,675 Units 14, in which a unit price higher than Tender Price 14 was bid, were partially accepted—120,550 Units 14 will be allotted.
2.4.4 2 bids from classified investors for the purchase of 72,106 Units 14, in which a price equal to Tender Price 14 was bid, were partially accepted—72,031 Units 14 will be allotted.
2.4.5 One bid from the public was received for the purchase of 200 Units 14, at a price higher than Tender Price 14, and was fully accepted.
2.5 In accordance with Section 6.1.4 of the Shelf Offering Report, the discount rate in the current expansion of Debentures (Series 14) is 12.90824%, and the weighted discount rate for all Debentures (Series 14) is 12.26006%.
2.6 A total of 192,781 Units 14 will be allotted for aggregate gross consideration of approximately NIS 194.3 million.
The Company thanks the investing public for its response to the offering pursuant to the Shelf Offering Report.
Yours sincerely,
“Bezeq” The Israel Telecommunication Corp Limited
The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.