Israel Bonds Announces $250 Million Investments
Wednesday, January 28, 2015
Posted by: Vanessa Lao
Israel Bonds Announces $250 Million in Investments at International Prime Minister’s Club Dinner
13 recipients of Israel67 Award honored at Israel Bonds International Prime Minister’s Club Dinner in Boca Raton, Fla., on Sunday, January 25
BOCA RATON, Fla.—Israel Bonds held its International Prime Minister’s Club Dinner Sunday night in Boca Raton, Fla., where 13 honorees from the United States and Canada received the Israel67 Award in recognition of their exemplary efforts on behalf of Israel and their respective Jewish communities.
Israel’s Ambassador to the United States Ron Dermer was the guest of honor at the event, which was hosted by comedian and actor Elon Gold and featured a performance by internationally acclaimed artist Dudu Fisher. During his remarks, Ambassador Dermer explained the reasoning behind Prime Minister Netanyahu’s upcoming address to Congress.
Following the Ambassador’s address, more than $250 million in Israel bond investments related to the dinner were announced.
To view a photo of Ambassador Dermer at the International Prime Minister’s Club Dinner, which was celebrated at the Boca Raton Resort & Club, please click here.
One year after 2013’s record U.S. Israel bond sales of more than $1.12 billion, Israel Bonds surpassed the billion-dollar mark in U.S. sales for the second consecutive year with a total of $1.1 billion. Eighty-four percent of total sales were investments of $25,000 and under, and 54 percent of total sales were $1,000 or less, demonstrating the instrumental contribution of individual investors in the sales of Israel bonds. Worldwide sales have now surpassed $37 billion since bonds were first issued in 1951.
The growth of the Israel Bonds organization’s sales was the subject of a November 2014 profile in Bloomberg News. The article touched upon new marketing strategies, internal technology upgrades and a reorganization of the global operations responsible for Israel bonds sales, as well as interest from institutional investors. Israel Bonds CEO Tapoohi told Bloomberg News, “We run a brokerage firm with a Jewish heart.”
This past summer, Israel Bonds displayed its strategic value to Israel during Operation Protective Edge, rapidly mobilizing the securement of funds for Israel’s economy.
In November 2014, Fitch Ratings, a global credit ratings agency, issued a report in the wake of the Gaza conflict citing “an active diaspora bonds program” as one of the indicators of Israel’s financing flexibility.
At Sunday evening’s event, the 13 recipients the Israel67 Award who were honored were: Stanley Black, Los Angeles; Shoshana and Dr. Mark Blum, Metro New Jersey; Janice and Harold Cohen, Boston; Judi and Craig Donoff, Boca Raton; Dr. Malcolm Dorman, Miami; Drs. Sharon and Kenny Fried, Bergen County, N.J.; Karen and Bill Glazer, Baltimore; Susan and William Hess, New Orleans; Carol and Dr. Mark Jaffe, Tampa; Rabbi Marc Schneier, New York City; Beverly and Rabbi Jonathan Schnitzer, Washington, D.C.; Barbara Somogyi, Cleveland; and Barbara Zukor, Montreal.
More on Israel Bonds
Israel bonds are debt securities issued by the government of Israel. Israel Bonds is also the commonly known name of the Development Corporation for Israel (DCI), which underwrites the bonds in the United States. DCI is a Financial Industry Regulatory Authority (FINRA) member broker-dealer. The bonds can help preserve capital, diversify personal or corporate investment portfolios, and provide protection from market fluctuations. Israel bonds are versatile securities that currently pay strong rates.
Capital provided through the sale of Israel bonds has helped strengthen every aspect of Israel’s economy, enabling the development of key national infrastructure. Today, expanded ports and transportation networks help facilitate the shipment of “Made in Israel” technology around the world, enhancing national export growth. Capital accrued through the sale of Israel bonds has enabled cutting-edge innovation that saves lives and changes the world on a daily basis.
West End Strategy Team