Reinvestments
Reinvesting in a new Israel bond can be an important means of attaining portfolio stability in a highly unstable environment. Israel’s impeccable debt repayment record has earned the country an outstanding reputation for always meeting its obligations – a significant consideration in today’s turbulent financial marketplace.
Reinvestment works in the following manner:
Owners of book entry bonds have a 12 calendar day grace period, beginning on the due date, to reinvest their proceeds in a new Israel bond.
The new bond can reflect the rates in effect on the old bond’s maturity date, or another rate in effect during the 12-day period.
Israel bonds are priced four times per month, ensuring the most current information necessary to select the bond best suited to specific investment needs.
The investment form must indicate the preferred sales period and rate, and the original Bank of New York maturity check must be attached.
Click for available investments, prospectuses and current rates. Information can also be obtained from your Israel Bonds office.
To reinvest you will need the following documents:
Mail the completed forms (which can be filled out on line and printed for submission) and documents to:
Development Corporation for Israel
Attn: Central Processing
575 Lexington Avenue, 11th floor
New York, NY 10022
(If enclosing a physical certificate, it is recommended that it be mailed via certified mail with a return receipt.)