Japanese shipyards have expressed their readiness to build ships for Israel against payment in Israel Development Bonds instead of cash or usual credit terms, it was reported here today.
The Israel Government has not yet decided on whether to accept the offer. If the transaction materializes, Israel would issue special development bonds redeemable in dollars in ten to twelve years.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
