[Federal Register Volume 61, Number 247 (Monday, December 23, 1996)]
[Notices]
[Page 67574]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-32532]
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AGENCY FOR INTERNATIONAL DEVELOPMENT
Loan Guarantees to Israel; Notice of Investment Opportunity
The Government of Israel (the ``GOI'') wishes to select managing
underwriters for the structuring and sale of U.S. Agency for
International Development (``USAID'')-guaranteed loans. The USAID-
guaranteed loans have been authorized by Public Law 102-391, and are
being provided in connection with Israel's extraordinary humanitarian
effort to resettle and absorb immigrants into Israel from the republics
of the former Soviet Union, Ethiopia and other countries.
The legislation authorizes the guaranty by USAID of up to $10
billion principal amount of loans over a five-year period, with a
maximum of $2 billion in loans, offered in one or more tranches, to be
guaranteed in each of the five fiscal years. This Notice is in
connection with the GOI's selection of managing underwriters for an
offering contemplated to be made under the authorization for the
current fiscal year.
In order to be considered as a managing underwriter for the
proposed transaction, interested parties must demonstrate the requisite
financial and technical capabilities by their responses to a Request
for Proposals (``RFP''), which will be available from the GOI prior to
the offering. Interested parties who wish to receive an RFP, when
available, should contact Mr. Eliahu Ziv-Zitouk, Consul and Chief
Fiscal Officer, Ministry of Finance of the Government of Israel, 800
Second Avenue, New York, New York 10017 (fax: 212/499-5715).
Selection of underwriters and the terms of the loans are initially
subject to the individual discretion of the GOI and thereafter subject
to approval by USAID. In order to be eligible for selection as a
managing underwriter, an institution must be a member of the National
Association of Securities Dealers, and otherwise meet the legal
requirements for serving in such role. All firms are encouraged to
submit proposals, regardless of ethnic origins, race or gender.
The full repayment of the loans will be guaranteed by USAID. To be
eligible for a USAID guaranty, the loans must be repayable in full no
later than the thirtieth anniversary of the disbursement of the
principal amount thereof. The USAID guaranty will be backed by the full
faith and credit of the United States of America and will be issued
pursuant to authority in Section 226 of the Foreign Assistance Act of
1961, as amended. Disbursements under the loans will be subject to
certain conditions required of the GOI by USAID as set forth in
agreements between USAID and the GOI.
Additional information regarding USAID's responsibilities in this
guaranty program can be obtained from the undersigned: Room 3417A N.S.,
2201 C Street, N.W., Washington, D.C. 20523-0030, Telephone: 202/647-
9839.
Dated: December 13, 1996.
Michael G. Kitay,
Assistant General Counsel, Agency for International Development.
[FR Doc. 96-32532 Filed 12-20-96; 8:45 am]
BILLING CODE 6116-01-M
