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June 13, 1986 - Image 31

Resource type:
Text
Publication:
The Detroit Jewish News, 1986-06-13

Disclaimer: Computer generated plain text may have errors. Read more about this.

31

NOW! TWO State of Israel Variable Rate Bonds
which can be bought
by individuals • • or funds

110•1=1..

V.R.I.

VARIABLE RATE ISSUE

INDIVIDUAL VARIABLE RATE ISSUE

Current Rate of Interest

Current Rate of Interest

FOR:

• Individuals
• Employee Benefit Funds (including IRA's, KEOGH's)
• Union Funds
• Public Endowment Funds
• Corporations
• Foundations

• Annual rate is 7 1/2% minimum, plus half the excess of the
average U.S. Prime Rate over 7 1/2%, each February 1 and
August 1

• Annual rate is 6% minimum, plus half the excess of the
average U.S. Prime Rate over 6%, each October 1 and
April 1.

• Paid Feb. 1 and Aug. 1

• Paid once a year on April 1

• $25,000 minimum subscription; Additional units of $5,000
purchasable if within 12 months of initial purchase

• $10,000 minimum subscription; Additional units of $2,500
purchasable if within 12 months of initial purchase

• Matures in 12 years

• $2,000 minimum subscription for IRA's only

• May be transferred to tax-exempt institutions and family
members

• Matures in 10 years

• Employee Benefit Funds can redeem after 3 years with
120-days written notice, at par

• All others can redeem on same terms after 5 years

• Employee Benefit Funds can redeem after 3 years with
120-days written notice, at par

• May be transferred to tax-exempt institutions and family
members

• Over $370 million sold in five years

• Held by more than 4,500 funds

This is not an offering Offerings of these issues can be made only by a prospectus, copies of which can be obtained from

DEVELOPMENT CORPORATION FOR ISRAEL

STATIE OF ISRAEL

24123 GREENFIELD ROAD •

ONDS

SOUTHFIELD, MICHIGAN 48075 •

557-2900

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