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June 08, 2001 - Image 31

Resource type:
Text
Publication:
The Detroit Jewish News, 2001-06-08

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

If Not Now...When?

THE TIME FOR UNITY IS NOW

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SHOW ISRAEL SHE IS NOT ALONE.

7th Zero Coupon Bond

7.15

O

0

Effective yield to maturity and current purchase price
of $3,008 for bonds purchased through June 25, 2001.
Matures at $6,000 io years from issue date (first day
of the month following the month in which subscrip-
tion is accepted by Fiscal Agent).

4th LIBOR Floating Rate
Issue (LFRI) Bond

+75%

Interest rate for bonds purchased through June 2001.
Based on 75 basis points (fixed at time of purchase)
plus the 6 month LIBOR rate in effect on issue date,
and recalculated thereafter on March 1, June 1,
September 1 and December 1. Minimum subscription:
$5,000 ($2,500 or $2,000 for IRAs only). Matures: io
years from issue date.

Development Issue Current Income Bond

4.0o% annual interest rate. $500 and increments of
$500. Matures 15 years from issue date.

.

Development Issue Savings Bond

$500 and increments of $5oo. Matures 15 years from
issue date at i8o% of issue amount, resulting in an
effective yield to maturity of approximately 4.00%.

and Jubilee (Series A)
Issue Bond

6.2o%

Fixed annual interest rate for bonds purchased
through June 25, 2001. Matures 5 years from issue
date. Minimum Subscription $25,000.

2nd Jubilee (Series B)
Issue Bond

7.00%

Fixed annual interest rate for bonds purchased
through June 25, 2001. Matures io years from issue
date. Minimum Subscription $25,000.

Chai Bond

Purchase price: $136. Matures in 5 years at $180. Non-
transferable. Not eligible for early redemption. May
only be purchased for/registered to an (only one) indi-
vidual.

ADVANCE REINVESTMENT: All unmatured 4% bonds issued in
1986 and 1987 due in 2001 and 2002 are eligible for advance rein-
vestment. The government of Israel has agreed to give you credit for
the full maturity value provided you add additional funds and reinvest
in securities of a higher denomination (7th Development, 4th LFRI
and Jubilee Bonds only)

MATURED BONDS: After maturity, bonds no longer earn interest.

ISSUES SUBJECT TO AVAILABILITY.

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 MI 48034
248-352-6555 • 888-352-6556 • fax: 248-352-7887

www.israelbonds.com

Member NASD, SIPC

6/8
2001

31

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