Historic Sales: Over $1 Billion In 2013 U.S. Israel Bond Investments
Annual Israel bond investments in the U.S. domestic market exceeded $1 billion for the first time, as 2013 sales broke through the historic threshold in early November and continue to surge. It is anticipated domestic investments in Israel bonds will approach or surpass $1.1 billion by year's end.
In praising the record results, Sigalit Siag, Israel’s chief fiscal officer for the Western Hemisphere, applauded the Bonds organization for “proving itself once again as a reliable source of funding for Israel’s economy.” She cited the organization’s “unique ability to raise capital,” as well as its success in securing sales from “a strong, diverse investor base.”
Bonds Chairman of the Board Richard Hirsch said the record sales "solidify the reputation of the Bonds organization as a dependable economic and strategic resource for Israel."
Added President & CEO Izzy Tapoohi: “The $1 billion achievement dispels the notion that Israel bonds are bought in great numbers only when Israel confronts a crisis. Today, Israel bonds are perceived not only as a gesture of solidarity, but as an opportunity to become a stakeholder in one of the world’s most resilient economies.”
By comparison, U.S. Israel bond investments for 2011 were $634 million. For 2012, they reached $816 million, which, at the time, represented an all-time high for domestic Israel bond sales.
More Good News For Israel's Economy
Current ratings for Israel include A+/ Stable (Standard & Poor’s) and A1/ Stable (Moody’s).
The Israel Bonds organization, which secured over $1 billion to date in 2013 U.S. domestic sales, has played an ongoing role in strengthening Israel’s economy. Finance Minister Yair Lapid has called investors in Israel bonds (which are themselves not rated) “shareholders” in Israel.
Finance Minister Yair Lapid addresses Israel Bonds leadership at a reception
held October 7 in New York (Photo: Shahar Azran)
On November 29, 2013, Fitch reaffirmed its ‘A’ rating for Israel and raised its outlook to ‘positive.’ In particular, Fitch cited the decrease in the debt/GDP ratio and praised Israel’s “positive fiscal performance.” It also noted the production of national gas and the discovery of new fields, in addition to the significant finds presently in or slated for production.
Dr. Miriam Adelson Honored By National Women's Division
From left: Sharon Halpern; Israel Bonds Chairman of the Board Richard Hirsch;
Dr. Miriam Adelson; Bonds President & CEO Izzy Tapoohi
In accepting the award, which recognized her as a "healer, humanitarian and mentor," Dr. Adelson praised the Women's Division for its support of Israel and said, "I share this award with all of you." Opening night also featured syndicated radio host and Fox News analyst Monica Crowley, who encouraged conference participants to "stand up for what you believe in," emphasizing, "a little initiative can change your life."
The conference continued the following morning with a panel discussion themed 'Cracks in the Glass Ceiling and the Upward Mobility of Professional Women.' The panel, moderated by Jane Eisner, editor-in-chief of The Forward
, included Nicole Feld, executive vice president and producer of Feld Entertainment, Inc.; Carol Kleinberg, president and CEO of Kleinberg Electric; Jacky Teplitzky, top-producing broker at Douglas Elliman Real Estate in New York and Florida; and Anita Zucker, chair and CEO of The InterTech Group, Inc.
The Legacy and Leadership Conference concluded with a preview of the Broadway-bound musical Damascus Square
, inspired by the true story of Israeli spy Eli Cohen. The preview was performed by the show's star, Tovah Feldshuh.
Israeli guests over the course of the two-day conference included Consul General in New York Ambassador Ido Aharoni; UN Ambassador Ron Prosor; and CFO for the Western Hemisphere Sigi Siag.
Helene Herbstman is National Women's Division chair, Barbara Somogyi is Prime Minister's Circle vice chair and Sharon Halpern was conference chair.
National Women's Division Chair Helene Herbstman convenes the Legacy and
Dr. Miriam and Sheldon Adelson; national and foreign affairs analyst Monica
Crowley; Bonds President & CEO Izzy Tapoohi
Moderator Jane Eisner (left) with panelists Anita Zucker, Nicole Feld, Carol Kleinberg
and Jacky Teplitzky
A preview of Damascus Square featuring its star, Tova Feldshuh (second from
left) concludes the conference
(Photos: Shahar Azran)
Dr. Miriam Adelson was honored by the Israel Bonds National Women's Division at the opening dinner of its Legacy and Leadership Conference, held October 23-24 at the Waldorf Astoria Hotel in New York. Dr. Adelson was presented with the Circle of Excellence Award in recognition of the 20th anniversary of the Dr. Miriam and Sheldon G. Adelson Clinic for Drug Abuse Treatment and Research in Tel Aviv, which to date has treated over 800 addicts. Dr. Adelson was also recognized for the millions of dollars she and husband Sheldon have contributed to Taglit Birthright.
Israel Bonds Welcomes Finance Minister to U.S.
Finance Minister Lapid greets Israel Bonds leadership in New York
Lapid, in the U.S. for annual IMF meetings, expressed appreciation to the Bonds organization for its role in strengthening Israel’s economy, and praised Israel bond investors as “shareholders” in Israel.
The finance minister gave an upbeat assessment of Israel’s economy, noting that Israel has realized its considerable achievements because “successful societies know how to change.” He said Israel has the added advantage of its human capital which, he observed, “is unlike anywhere else in the world.”
Prior to the finance minister’s remarks, Israel Bonds President & CEO Izzy Tapoohi announced that “with nearly a full quarter remaining in the 2013 Israel Bonds sales effort, the numbers bode well for an historic year for U.S. Israel bond sales.”
He told the finance minister that “Our clients understand that when they acquire Israel bonds, they become stakeholders in one of the world’s most resilient economies.”
Guests showing support for the finance minister and Israel Bonds included Ambassador Ron Prosor, Israel’s permanent representative to the United Nations; Ambassador Ido Aharoni, Israel’s consul general in New York; Finance Ministry Accountant General Michal Abadi- Boiangiu; Sigi Siag, Israel’s chief fiscal officer for the Western Hemisphere; and New York City Comptroller John Liu. New York City holds millions of dollars in Israel bonds in its investment portfolio.
From left: Bonds President & CEO Izzy Tapoohi; Finance Minister Lapid; and
Bonds Chairman of the Board Richard Hirsch
Finance Minister Lapid praises Israel bond investors as “shareholders” in Israel
(Photos: Shahar Azran)
Israel Bonds welcomed Finance Minister Yair Lapid to his first U.S. meeting with the organization’s leadership on October 7 at New York’s Roosevelt Hotel.
Israel Bonds Invites Strategic Affairs Minister To Park East Synagogue
In his remarks, Steinitz noted that while many countries use nuclear power to generate electricity, none insist on enriching uranium as the Iranians do.
He emphasized current sanctions should not be lessened, but instead tightened in order to ensure Iran is not being duplicitous in its actions regarding its nuclear objectives and capabilities.
While skeptical of Iranian intentions, Steinitz stressed that “The greater the pressure, the greater the chances for diplomacy to succeed.”
As finance minister in the previous government, Steinitz was an advocate of investment in Israel bonds, saying, “Israel bonds are an expression of friendship and commitment that is so important to the Israeli people.”
Minister Yuval Steinitz at an Israel Bonds event in January 2013
Israel Bonds Chairman of the Board Richard Hirsch and President and CEO Izzy Tapoohi invited Minister for Intelligence, International Relations and Strategic Affairs Yuval Steinitz to New York’s Park East Synagogue on October 26 for a Shabbat discussion on the Iran threat.
President, Prime Minister, Finance Minister, Knesset Speaker Meet With International Bonds Delegation
Prime Minister Netanyahu also praised the Bonds organization, as did Finance Minister Lapid. In his remarks, the finance minister noted that his father, the late Tommy Lapid, spoke of Israel Bonds as a “valued and important organization.” The finance minister added that he, too, believed that Bonds was among “the most important organizations today.”
Prior to Israel, delegates visited London for a program that included a ceremony at the Kindertransport memorial, which commemorates the rescue and resettlement in Great Britain of nearly 10,000 Jewish children from Germany and German-occupied countries prior to World War II. Participants in the ceremony included Frank Meisler, who created the Kindertransport memorial, as well as Sir Erich Reich, chairman of the Kindertransport Jewish Refugees Association. Both Meisler and Reich were saved by the Kindertransport.
Delegates also joined in a program at the House of Lords with the participation of the Right Honorable the Lord Haskel and Ambassador Daniel Taub, Israel’s ambassador to the Court of St. James.
Prime Minister Netanyahu addresses the Bonds delegation. On the dais are
Chairman of the Board Richard Hirsch and Israel Bonds International leader
Jamie Schmidt Neuman of Mexico (Photo: Prime Minister’s Office)
Chairman of the Board Richard Hirsch thanks Prime Minister Netanyahu
(Photo: Prime Minister’s Office)
From left: President & CEO Izzy Tapoohi; Israel Bonds International leader
Jamie Schmidt Neuman; Prime Minister Netanyahu; Chairman of the Board
Richard Hirsch (Photo: Prime Minister’s Office)
National New Leadership board member Adam Hirsch with Prime Minister
Netanyahu (Photo: Prime Minister’s Office)
Finance Minister Yair Lapid speaks on the importance of Israel Bonds
(Photo: Markowicz Gideon)
Bonds President & CEO Izzy Tapoohi, Finance Minister Lapid and Chairman of
the Board Richard Hirsch (Photo: Markowicz Gideon)
Finance Minister Lapid cites Israel Bonds as “an important and valued organization”
(Photo: Markowicz Gideon)
The finance minister prepares to speak to the Bonds delegation (Photo: Markowicz Gideon)
President Shimon Peres (center) with the Israel Bonds international delegation
(Photo: Yossi Zamir)
From left: Bonds President & CEO Izzy Tapoohi, Board Chairman Richard Hirsch,
Speaker of the Knesset Yuli Edelstein and board member Susan Weikers Balaban
(Photo: Yossi Zamir)
Speaker Edelstein greets members of the Israel Bonds international delegation
(Photo: Yossi Zamir)
Prior to Israel, delegates visited London for an itinerary that included a ceremony
at the Kindertransport memorial, which commemorates the rescue of nearly
10,000 Jewish children
Women’s Division leader Sharon Halpern places a flower at the
base of the Kindertransport memorial
Kindertransport sculptor Frank Meisler (right) with Israel Bonds national board
members Burt and Helene Herbstman
Delegates at a memorial to Raoul Wallenberg (Photo: Barbara Hutter)
Participating in a program at the House of Lords are, from left: Israel Bonds
International (IBI) head David Bar-On; IBI leader Jamie Schmidt Neuman of
Mexico; Bonds Chairman of the Board Richard Hirsch; Kami Robinson of
Israel Bonds UK; the Right Honorable the Lord Haskel; and London business
and Jewish community leader Eddie Zakay
Bonds Vice Chairman of the Board David Halpern and Bonds Chairman of the
Capital District (Albany) Executive Board Ken Segal outside Parliament
President Shimon Peres, Prime Minister Benjamin Netanyahu, Finance Minister Yair Lapid and Knesset Speaker Yuli Edelstein met with an international Israel Bonds delegation from three continents that visited Israel June 19-22. President Peres is a longtime advocate of Israel Bonds who has called the organization’s founding “a vital chapter in Israel’s history.”
Online Sales Exceed $44 Million
The convenient site enables investment in Israel bonds at any time and from any location. Nearly all Israel bonds currently offered by Development Corporation for Israel/Israel Bonds are available for online investment, providing the opportunity to acquire a dependable security that supports Israel's economy. Individuals buying Israel bonds for gifts have the option of including a message and/or generating a gift card.
Investing in Israel bonds online requires a one-time registration process which can be completed here
. If you have a pre-existing Israel Bonds account, it can be linked to your online account by contacting Customer Service via email
, or by phone, 888.519.4111.
Over $44.3 million in Israel bond investments have been made via the eCommerce site launched in fall 2011, representing nearly 14,000 transactions and more than 16,200 bondholders.
Global Economist Visits Bonds Headquarters
In his presentation, Landau gave an upbeat assessment of Israel’s economy, noting positive developments including growing exports, reduced debt as a percentage of GDP, and expanded participation in the workforce.
He added that revenue from Israel’s new natural gas fields will help keep Israel’s economy strong for the foreseeable future.
Pinchas Landau, a globally-respected economic and financial analyst who serves as a consultant to major financial institutions in Israel and abroad, made a presentation at the New York headquarters of Israel Bonds on October 22.
Israel’s Economy Continues to Impress
Just a few days earlier, Moody’s reaffirmed its A1 rating for Israel, with an outlook of stable. With so many countries facing ongoing economic issues, Moody’s praised Israel’s economy for its “resilience and growth,” according to Ynetnews.com.
In a press release, Israel’s Finance Ministry stated Moody’s also cited “the high-tech sector and the production of natural gas that began in 2013 as strong and sustainable growth engines in the Israeli economy.”
While not rated themselves, Israel bonds have played a decades-long role in the development of Israel’s economy, with worldwide proceeds since the first bonds were issued in 1951 now exceeding $35 billion.
Numbers issued on August 18 by Israel’s Central Bureau of Statistics indicate Israel’s second quarter economic growth reached 5.1 percent. In reporting the numbers, Israeli website Ynetnews.com called the growth “exceptional.”
States, Municipalities Continue Adding Israel Bonds To Investment Portfolios
Florida Chief Financial Officer Jeff Atwater announced, “I am pleased to share that the State Treasury increased its investment in Israel bonds by $5 million and reinvested an existing $5 million in maturing bonds. These bonds are widely recognized as one of Israel's most valued economic resources and a catalyst for its rapid economic evolution.” He continued: “I am confident this wise investment will allow us to show our support for one of our nation's most important allies in the Middle East and secure state funds in a strategic resource with a proven track record for financial gain.”
Also completing major Israel bond investments were Louisiana State Treasurer John Kennedy, who added $10 million to the state’s holdings; Maryland State Treasurer and Board of Trustees Chair Nancy Kopp and Chief Investment Officer Dr. A. Melissa Moye, who reinvested $20 million; and New York City Comptroller John C. Liu, who completed a $15 million investment.
In announcing the New York City Investment, Liu stated, “New York and Israel share a special relationship built on friendship and a commitment to mutual support. Today we reaffirm our ties to the people of Israel with an investment in their country’s economy that will provide our hardworking municipal employees with a market-rate return.”
Bonds President & CEO Izzy Tapoohi said, “These Israel bond investments are an expression of belief in the continued strength and resilience of Israel’s economy, as well appreciation for the dependability and diversity Israel bonds provide for financial portfolios.” He added that the total Israel bond holdings of Florida, Louisiana, Maryland and New York City was “substantial.”
To date, over 80 state, municipal and public employee pension funds and Treasury funds have invested over $2 billion in Israel bonds.
August 1 was a significant day for Israel bond investments by states and municipalities, with Florida, Louisiana, Maryland and New York City all completing multi-million dollar investments.
New Legislation Permits Israel Bond Investments By Illinois Insurance Companies
In signing the legislation, Governor Quinn said, “Insurance companies in Illinois should be able to deposit investments in solid bonds and securities like Israel bonds, which have an impeccable payment history.”
Illinois Governor Pat Quinn presents Israel Bonds Chicago general chair and national Bonds board member Burt Herbstman with a ceremonial pen used to sign legislation allowing state insurance companies to acquire Israel bonds
On July 25, Illinois Governor Pat Quinn signed legislation permitting state insurance companies to invest in Israel bonds to meet required surplus and capital levels. Previously, Illinois insurance companies were only allowed to hold U.S Treasuries and other U.S. government-backed instruments. The new legislation allows acquisition of securities of foreign governments meeting specific fiduciary criteria
Wharton Highlights Israel Bonds
The Israel Bonds organization was highlighted in Israel Knowledge@Wharton, an online journal of the renowned business school. An article posted June 21, authored by financial analyst Pinchas Landau, called the Bonds enterprise “a sophisticated and highly effective operation . . . in which every new success sets the benchmark going forward.”
The complete article can be accessed here.
Israel Bonds at Celebrate Israel Parade
Bonds participation in the parade was the culmination of a New Leadership weekend that began with a Friday happy hour and continued Saturday with a reception hosted by Bonds President & CEO Izzy Tapoohi and his wife Regina. Special guest Israel Minister for Home Front Defense and Communications Gilad Erdan told the audience, “Young leaders have an important and special role to play. What you are doing is very, very important, as (through Israel Bonds) you will ensure that Israel will continue to be an incubator of innovation.”
New York Consul General Ambassador Ido Aharoni also spoke at the reception.
Getting ready to ride
The Israel Bonds float heads up 5th Avenue
New Leadership marches with the Israel Bonds float
(Photos: Shahar Azran)
Israel Bonds was a proud participant in the Celebrate Israel Parade on Sunday, June 2. Bonds supporters from New York and throughout the country, including a sizeable New Leadership contingent, marched with the Israel Bonds float up 5th Avenue.
Bonds President & CEO Participates in Milken Institute Panel
In his presentation, Tapoohi noted, "Even if an individual or institution invests in Israel bonds purely out of financial considerations, they are still engaging in impact investing by generating economic, social and confidence-building benefits. Viewed from a social standpoint," he continued, "this has resulted in tangible benefits for all the nation’s citizens, making Israel bonds an overarching impact investment.”
Tapoohi also participated in a Financial Innovations Lab on ‘Reinventing the Israeli Capital Market.’
Israel Bonds President & CEO Izzy Tapoohi participated in a roundtable discussion on ‘Impact Investing in Israel’ at the prestigious Milken Institute 2013 Global Conference, held April 28-May 1 in Los Angeles.
State Investments Highlight Value of Israel Bonds For Financial Portfolios
In March, Ohio Treasurer Josh Mandel completed the single largest Israel bond investment by a state, a $42 million purchase that increased the total amount of Israel bonds in the Ohio Treasury’s portfolio to over $80 million. Also in March, Indiana Treasurer Richard Mourdock announced a $10 million Israel bond investment, bringing that state’s Israel bond holdings to $40 million.
In April, Arizona State Treasurer Doug Ducey completed his state’s first Israel bond investment, a $5 million purchase, and South Carolina State Treasurer Curtis Loftis completed a $15 million investment, bringing the state’s Israel bond holdings to $35 million.
Over the years, more than 80 state and municipal governments have invested over $2 billion in Israel bonds.
In little more than six weeks, Ohio, Indiana, Arizona and South Carolina invested a total of $72 million in Israel bonds, highlighting the fact that Israel bonds are consistently viewed not only as an important means of supporting Israel, but also as significant additions to investment portfolios.
Finance Minister Steinitz, Howie Mandel Highlight Prime Minister’s Club Dinner
The annual Prime Minister’s Club Dinner, held Sunday, January 27 in Boca Raton, Florida, officially launched the 2013 Israel Bonds investment campaign.
National Leadership Conference Held
In Boca Raton
Dangers and Opportunities in the Middle East
, led by a panel of experts and academics, conference delegates heard from Pulitzer Prize-winning journalist and bestselling author Bob Woodward. In his remarks, Woodward declared, “A strong Israel is critical to U.S. positions.”
Day two featured a second Pulitzer Prize-winning journalist Judith Miller, who received international recognition when she went to prison for 85 days rather than reveal confidential sources. In recognition of her resolute stand, she was honored with the First Amendment Award by the Society of Professional Journalists. In her presentation, Miller provided a detailed analysis of the evolving implications of the Arab Spring. The day also featured an economic panel discussion highlighting Israel’s ascendancy in the global economy.
|Pictured l-r: Chairman of the Board Richard Hirsch; Bob Woodward; President & CEO Izzy Tapoohi; Vice Chairman of the Board David Halpern; and National Chairman Fred Zeidman
|The New Leadership contingent enjoys a moment with Bob Woodward, seen back row center
|Judith Miller (left) with National Women’s Division Chair Helene Herbstman and Associate Chair Shira Lewis
|Photos: ZimZoom Photography
The Israel Bonds National Leadership Conference was held January 24-25 as a prelude to the International Prime Minister’s Club Dinner. Following the opening discussion,
Israel Bond Investors Demonstrate Reliability
Bonds President and CEO Izzy Tapoohi noted, “For Israel to have the support of Israel Bonds - a secure and independent financial pipeline - is, without a doubt, an invaluable and strategic national resource, especially since Bonds clients have proven time and again that when Israel is in the midst of a crisis, they do not walk away.”
Since the inception of the Bonds program in 1951, investors in Israel bonds have demonstrated time and again their determination to stand with Israel in times of crisis. This was proven most recently during Operation Pillar of Defense, when Israel bond investments via traditional and online platforms rose exponentially during the conflict.
Maimonides Medical Delegation Brings Cheer To Israeli Children
|Delegates gather around a cart stacked with teddy bears in preparation for distribution to patients at Schneider Children’s Hospital.
The Maimonides medical delegation, visiting Israel November 11-15, paid a visit to Schneider Children’s Hospital in Petach Tikvah. The delegates arrived with teddy bears to distribute to sick children. The delegation was co-chaired by Dr. Burt Herbstman and Dr. Andy Hutter.
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