State Of Israel Bonds
Israel bonds are debt securities issued by the Government of Israel.
Israel Bonds is also the more familiar name of the underwriter of the bonds in the United States. The company is officially known as Development Corporation for Israel (DCI). DCI is headquartered in New York City, and is a broker-dealer registered by the Financial Industry Regulatory Authority (FINRA).
On October 31, 2011, Israel "Izzy" Tapoohi assumed responsibility as president and CEO of Development Corporation for Israel/Israel Bonds. Highly regarded for his private sector expertise and insights, Tapoohi has served as a top executive for Israel’s most prominent companies, including chairman of the board of Africa-Israel Investments and executive chairman of the board of Bezeq, Israel’s telecommunications provider and largest corporation.
The sale of Israel bonds is global in scope. In addition to the United States, bonds are sold in Canada through Canada-Israel Securities, Ltd., and Latin America and Europe through Israel Bonds International. Sales have increased steadily since the initial Independence Issue, with total worldwide sales exceeding $35 billion. U.S. sales for 2012 were over $816 million, and worldwide sales were more than $1.2 billion.
In the fall of 2011, Israel Bonds launched an eCommerce site to facilitate investing in Israel bonds online. Investments made via the online site have surpassed $28 million.
Read more about State Of Israel Bonds: Securities, Investors, Projects
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