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From the President & Global CEO

Preparations and Assurances: Israel Bonds’ Coronavirus Steps

Israel Maimon
Israel Bonds Global President and CEO

 

Israel Maimon

Photo credit: Shahar Azran

 

I want to thank you for your ongoing support in Israel Bonds.
On March 9, I spoke with Israel’s Finance Minister Moshe Kahlon and Israel’s Accountant General Rony Hizkiyahu. Both expressed confidence that Israel’s economy is strong and well-positioned to face whatever challenges might emerge as a consequence of coronavirus.

Regarding any Israel bonds you own that have reached maturity, or Israel bonds in your portfolio currently generating interest, know that Israel prides itself on having never missed payment of principal or interest since the first Israel bonds were issued in 1951, including during times of conflict and terrorism.

I write to assure you that Israel Bonds offices throughout the world have put detailed plans in place for potential effects on our operations as a result of coronavirus.

Currently, we are operating normally, albeit with heightened awareness. However, prioritizing the best interests of our international investor base and the wellbeing of our staff, we have updated our corporate business continuity plan to take into account this new reality.

You can continue to invest in Israel bonds as before. If any of the procedures for investing need to be changed, we will update you.

You should also be aware we have discussed the situation with executives at Computershare, the fiscal agent, to ensure they also have contingency plans encompassing the needs of Israel bond investors.

Additionally, we are taking precautionary steps in terms of events, conferences and delegations. We are examining each activity on a case-by-case basis, with the safety of our supporters and staff the foremost consideration.

In this difficult environment, you have my solemn promise that we will do all that is necessary to ensure that the faith you have placed in the Bonds enterprise and Israel remains unabated.