When David Ben-Gurion (pictured below) stood before a packed house at New York's Madison Square Garden to launch the inaugural issue of Israel bonds, even the visionary prime minister could not have foreseen the extraordinary success of the new venture.
In January, Israel Bonds surpassed $40 billion in worldwide sales since the first bonds were issued in 1951. The momentous accomplishment was the second milestone for the Bonds organization in less than three weeks - on December 31, U.S. sales for 2016 ended with an all-time high of more $1.127 billion.
Israeli Finance Minister Moshe Kahlon praised the achievements,saying, “Since its founding, Israel Bonds has been a cornerstone of Israel’s economy. Crossing the $40 billion mark exemplifies the organization’s dedication to Israel, and the way in which its message of economic support has resonated on a global scale. On behalf of the government of Israel, I wish to thank Israel Bonds and its worldwide client base for helping to build every sector of our economy.”
Rony Hizkiyahu, the Finance Ministry’s new accountant general, said, “Israel Bonds is an important element of Israel's debt management policy, and has been mentioned as a credit strength by our rating agencies*. The organization's long-lasting contribution is yet another example of the decades-long economic partnership between the Diaspora community and Israel.”
Israel Bonds President & CEO Israel Maimon added, “The historic sales clearly show that throughout successive generations, the idea of demonstrating confidence in Israel through investing in Israel bonds has touched a response chord with individuals from all walks of life.”
(*Israel bonds are not rated)
A poster announces David Ben-Gurion's appearance at New York's
Madison Square Garden for the launching of Israel Bonds. Even the
visionary prime minister could not have foreseen the extraordinary
success of the new venture.