Details of the Israel bond issue which will be floated in the United States were revealed here today by Israel’s Ambassador Abba Eban, who said that two types of bonds will be sold.
The $500,000,000 issue will include coupon bonds, offering three and one-half percent interest semi-annually, maturing in 15 years, and savings bonds which will appreciate in value by 50 percent in 12 years. Payments of interest and principal Will be made by designated American banks in U.S. currency. All bonds will be sold at face value and will be available in various denominations. Purchasers may convert their bonds, at any time, into Israel currency at the prevailing rate of exchange with no restriction on the manner in which these funds may be used in Israel.
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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.
