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