Reinvesting works in the following manner:
- Owners of book entry bonds have a five calendar day grace period (if the last day of this calendar period falls on a non-business day then the last day of the grace period will be the first business day after such date), beginning on the maturity date, to reinvest the proceeds in a new Israel bond in order to have it issued on the same date the bond matures.
- Owners of a physical certificate can also use the five day window (as described above) to reinvest in a new bond issued on the same date the old bond matures.
- The new bond can reflect the rates in effect on the old bond’s maturity date or another rate in effect during the five day period.
- The investment form must indicate the preferred sales period and rate, and the original fiscal agent maturity check must be attached.
Click for investments and current rates and prospectuses. Information can also be obtained from your local Israel Bonds office.
Reinvesting requires 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.