The Securities and Exchange Commission announced yesterday that the Government of Israel had filed a registration certificate for the sale of a $400,000,000 Israel development bond issue in the United States.
Under the registration, two kinds of securities will be offered–4 percent dollar coupon bonds, which will mature in 15 years; and 12-year capital appreciation bonds on which interest will accrue. The offering will be made, as with previous Israel Bond issues, through the Development Corporation for Israel in New York, known as the Israel Bond organization.
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