Debt Investors
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Bezeq Group Financial Debt
NIS billions
Debt Terms (NIS millions, as of December 31, 2025)
| Source | Principal | Currency | Linkage | Type of Interest | Average Interest Rate | Interest Rate Range in 2024 |
|---|---|---|---|---|---|---|
| Banks | 867 | NIS | Unlinked | Fixed | 4.28% | 3.20% - 5.33% |
| Banks | 700 | NIS | Unlinked | Variable, based on the prime interest rate | 6.21% | 5.86% - 6.53% |
| Non-bank sources | 4,276 | NIS | Unlinked | Fixed | 4.26% | 2.79% - 3.65% |
| Non-bank sources | 2,399 | NIS | CPI | Fixed | 1.79% | 0.58% - 2.20% |
Summary of Financial Undertakings as of December 31, 2025 (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 | 294,994 | 280,529 | 132,725 | 708,248 |
| Second year | 294,994 | 280,529 | 118,733 | 694,256 |
| Third year | 294,994 | 280,529 | 104,741 | 680,264 |
| Fourth year | 294,994 | 280,529 | 90,750 | 666,273 |
| Fifth year and thereafter | 1,219,414 | 2,588,784 | 283,363 | 4,091,561 |
| Total | 2,399,390 | 3,710,900 | 730,312 | 6,804,602 |
Private Notes and Other Non-Bank Credit (Bezeq Fixed-Line)
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | - | 170,000 | 18,429 | 188,429 |
| Second year | - | 170,000 | 12,577 | 182,577 |
| Third year | - | 90,000 | 7,373 | 97,373 |
| Fourth year | - | 90,000 | 4,092 | 94,092 |
| Fifth year and thereafter | - | 45,000 | 817 | 45,817 |
| Total | - | 565,000 | 43,288 | 608,288 |
Credit from Israeli Banks (Bezeq Fixed-Line)
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | - | 243,500 | 77,295 | 320,795 |
| Second year | - | 256,500 | 71,067 | 327,567 |
| Third year | - | 336,700 | 60,737 | 397,437 |
| Fourth year | - | 286,700 | 40,720 | 327,420 |
| Fifth year and thereafter | - | 443,600 | 30,316 | 473,916 |
| Total | - | 1,567,000 | 280,135 | 1,847,135 |
Total Debt - Bezeq Fixed-Line
| Year | CPI Linked | Unlinked | Interest | Total Principal and Interest |
|---|---|---|---|---|
| First year | 294,994 | 694,029 | 228,449 | 1,217,472 |
| Second year | 294,994 | 707,029 | 202,377 | 1,204,400 |
| Third year | 294,994 | 707,229 | 172,851 | 1,175,074 |
| Fourth year | 294,994 | 657,229 | 135,562 | 1,087,785 |
| Fifth year and thereafter | 1,219,414 | 3,077,384 | 314,496 | 4,611,294 |
| Total | 2,399,390 | 5,842,900 | 1,053,735 | 9,296,025 |