ears of statehood

PARTNERS

IN

THE

MIRACLE

AIM

Eighth Economic Development Issue (EDI) Bond
6.10%

Fixed annual interest rate for Bonds purchased February 1, 1998 through March 10, 1998.
Matures: August 31, 2007.
Minimum Subscription: 525,000.

MI BONDS

Third Floating Rate Issue (FRI) Bond
7.00%

NOME lEADER5 fONFERENCE

Current annual interest rate for bonds
purchased through April 1998.
Bonds purchased in May will receive the June 1 rate.
Matures: January 31, 2008.
Minimum Subscription: $25,000.

c

Sixth Individual Variable Rate issue (IVRI) Bond
6.75%

Current annual interest rate for bonds
purchased through April 1998.
Bonds purchased in May will receive the June 1 rate.
Matures: 12 years from issue date.
Minimum Subscription: $5,000 ($2,500 or 52,000 for IRAs only).

N

Fifth Zero Coupon Bond
6.60%

Effective yield to maturity and current price of 53,110 for bonds
purchased February 1, 1998 through March 10, 1998.
Matures: At $6,000, ten years from issue date
(last day of Sales Period in which subscription is accepted by Fiscal Agent).

Seventh Development Issue (DI) Bond

A*4 ,
.A*Ammft:,,
::,wwwwwwww000

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 1 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 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 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

■

888-352-6556

Member NASD, SIPC

•

1/30
1998

32

Israel at 50: Freedom a ,nd Fconornic Strength

__/

