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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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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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