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Israel to Float New Bond Issue for $300,000,000; to Be Sold in U.S.

A bill authorizing the Government of Israel to float a new bond issue for $300,000,000 to be sold in the United States, Canada, South America and a limited number of European countries, was introduced in Parliament today.

The new Series, to be called the second Development Bond Series, is actually the third bond issue to be launched by Israel. The first was floated in 19951 and was known as the Independence Bond Series. A few years later the original Development Bond Series was launched, Together they yielded about $350,000,000.

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