Israel’s Cabinet voted at its regular, weekly meeting here yesterday to float a $100, 000, 000 bond issue, redeemable after 20 years, at an interest rate of 4. 75 percent. The decision requires approval by the Knesset.
Previous Israel bond issues paid 4 percent, but the interest rate was raised in line with higher interest rates now in effect in the United States. The previous issues were redeemable after 15 years. The new bonds will be issued to banks only and will not be sold to individuals.
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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.
