NEW YORK- 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. With six weeks still remaining in the year, it is anticipated domestic investments in Israel bonds will approach $1.1 billion.
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.
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.”
Development Corporation for Israel, commonly known as Israel Bonds, offers investments that diversify portfolios and preserve capital. Capital realized through the sale of Israel bonds has developed every aspect of Israel’s economy, enabling cutting-edge innovation that saves lives and changes the world on a daily basis. Recognized as a valued economic and strategic resource, the Bonds organization has secured global sales exceeding $35 billion since the first bonds were issued in 1951.