Conference taveng::bagels

1180.0. "Israel Bonds" by POWDML::JULIUS () Mon Mar 02 1992 18:04

Help yourself to great interest rates while helping Israel
absorb Soviet and Ethiopian immigrants.

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Variable Rate Issue Bond (V.R.I.)

7.5% Current Rate of Interest

Annual rate is a MINIMUM of 7.50% PLUS half of the excess of the 
Prime Rate over 7.50%.  INTEREST RATE WILL NEVER FALL BELOW 
7.50%.  

Minimum Subscription:  $25,000; additional purchases of $5,000 
units available during 12 months following initial subscription.

Semi-annual interest rate adjustments and payments:  June 1 and 
December 1.

Employee Benefit Plans and IRAs may redeem at PAR VALUE after 
3 years, all others after 5 years, upon 120 days' notice.

Maturity:  September 30, 2003

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Individual Variable Rate Issue Bond (I.V.R.I.)

6.5% Current Rate of Interest

Annual rate is 5% PLUS half of the excess of the Prime Rate over 
5%.

If Prime Rate is below 5%, interest rate will be Prime Rate.

Minimum Subscription:  $5,000;  additional purchases of 
$2,500 units available during 12 months following subscription.  
For IRAs only:  $2,000 or $2,500.

Semi-annual interest rate adjustments:  April 1 and October 1.

Annual interest payment:  April 1.

Employee Benefit Plans and IRAs may redeem at PAR Value after 
3 years, all others after 7 years, upon 120 days' notice.

Maturity:  12 years from date of issue

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Zero Coupon Savings Bond

7.2%  Effective Annual Yield to Maturity

$6,000 MATURITY VALUE

Purchase price is $2,992 through March 18, 1992.

Maturity:  December 31, 2001

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Offerings of these issues can only be made by a prospectus from:

STATE OF ISRAEL BONDS, Development Corporation for Israel
262 Washington Street, Suite 300, Boston, MA  02108
(617) 723-2400  (800) 752-5651