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ears of statehood

PARTNERS

IN

THE

MIRACLE

Eighth Economic Development Issue (EDI) Bond

6.75%

Fixed annual interest rate for Bonds purchased November 1 through December 10, 1997.

AEI BON

Matures: August 31, 2007.
Minimum Subscription: $25,000.

Second Floating Rate Issue (FRI) Bond

NATIONAL LEADERS fONFERENtE

SIPIRMIMMINNW

7.00%

Current annual interest rate for bonds
purchased through October 1997.
Bonds purchased in November will receive the December 1 rate.

Matures: March 31, 2006.
Minimum Subscription: $25,000.

Sixth Individual Variable Rate Issue (IVRI) Bond

6.75%

Current annual interest rate for bonds
purchased through October 1997.
Bonds purchased in November will receive the December 1 rate.

Matures: 12 years from issue date.
Minimum Subscription: $5,000 ($2,500 or $2,000 for IRAs only).

Fifth Zero Coupon Bond

7.10%

Effective yield to maturity and current price of $2,959 for bonds
purchased November 1 through December 10, 1997.
Matures: At $6,000, ten years from issue date
(last day of Sales Period in which subscription is accepted by Fiscal Agent).

1. 4 o.

IIIMPOWNWN•MMIR

Seventh Development Issue (DI) Bond

Current Income Bond: Annual interest rate is 4.00% per year,
payable by check once a year on May 1.
Savings Bond: Matures at 180% of issue amount, resulting in an
effective yield to maturity of approximately 4.00%.

Matures: 15 years from issue date.
DenominatiOns: $500 and multiples of $500.
Additional Feature: Bonds at least I year old may be cashed in Israel,
up to $2,500 a month per person, for Israeli currency, to defray tourist expenses.

State of Israel $100 Certificate

Non-interest bearing. Can be cashed in Israel for $100 in Israel currency after a minimum of 1
year from issue date. El Al Israel Airlines will accept State of Israel $ I 00 Certificates that are at
least one year old toward the purchase of a round trip flight to Israel, under current provisions.
Five Certificates in the same name and held for one year may be exchanged for a Development

Issue (DI). Upon maturity, may be redeemed in the United States for $100.

Matures: 5 years from issue date.

This is not an offering, which can be made only by prospectus. Read it carefully before investing.

Development Corporation for Israel/State of Israel Bonds
29201 Telegraph Road, Suite 324
Southfield, Michigan 48034-7654

248-352-6555

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888-352-6556

Member NASD, SIPC

10/31

1997

6

Israel at 50: Freedom and Economic Strength