The Ampal-American Palestine Trading Corporation filed a request with the Securities and Exchange Commission for permission to agister a $5,000,000 issue of 15-year, four-percent sinking fund bonds. The corperation will use the money thus raised to invest in agricultural, industrial and commercial enterprises in Israel, the request stated.
No commitments have been made concerning the allocation of funds derived from the bond sales, but as funds become available investments will be made in housing construction, in transportation and industrial cooperatives, in the financing of purchases of raw materials, machinery and other equipment, the Ampal statement said. The securities will be offered directly by the corporation at their face value.
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