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September 29, 1995 - Image 81

Resource type:
Text
Publication:
The Detroit Jewish News, 1995-09-29

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

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LET ISRAEL BONDS HELP YOU
FULFILL YOUR COMMITMENT 7
TO YOURSELF, TO THE JEWISH PEOPLE
AND TO THE LAND OF ISRAEL.

S

Fifth Economic Development Issue (EDI) Bond

Fifth Individual Variable Rate Issue

Current Rate: 6.70% for Bonds purchased through
October 24, 1995.
Interest Rate: Fixed annual interest rate.
Matures: April 30, 2005.
Minimum Subscription: $25,000.

Seventh Development Issue Bond

(IVRI) Bond
Current Rate: 7.00% for Bonds purchased through
October, 1995.
Interest Rate: 5.00% per year, PLUS half the excess
of the prime rate over 5.00%, adjusted twice a year.
Matures: 12 years from issue date.
Minimum Subscription: $5,000 ($2,000 or $2,500
for IRA's only).

Interest Rate: 4.00% annually.
Matures:15 years from issue date.
Denominations: $500 and multiples of $500.
Additional Feature: Bonds at least 1 year old may be
cashed in Israel, up to $2,500 a month per person, for
Israeli currency, to defray tounst expenses.

Floating Rate Issue (FRI) Bond

Current Rate: 8.25% for Bonds purchased through
October, 1995.
Interest Rate: Annual interest rate is .75% below
prime, adjusted twice a year.
Matures: January 31, 2003.
Minimum Subscription: $25,000.

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Fourth Zero Coupon Bond

Effective Yield to Maturity: 7.274% for Bonds
purchased through October, 24, 1995.
Matures: January 31, 2005.
Current Price: $3,080 for Bonds purchased through
October 24, 1995.

State of Israel $100 Certificate

Non-interest bearing. Can be cashed in Israel for $100 in
Israeli currency after a minimum of 1 year from issue date.
El Al Israel Airlines will accept State of Israel $100
Certificates that are at least one year old toward the pur-
chase of a round trip flight to Israel, under current provi-
sions. Upon maturity, may be redeemed in the United
States for $100.
Matures: 5 years from issue date.

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. 110111:

Development Corporation For Israel

29201 Telegraph Road, Suite 324

I S RAIHIBONDS

Southfield, Michigan 48034
(810) 352-6555 Fax: (810) 352-7887

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