[Federal Register Volume 60, Number 147 (Tuesday, August 1, 1995)]
[Notices]
[Page 39149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18906]
=======================================================================
-----------------------------------------------------------------------
AGENCY FOR INTERNATIONAL DEVELOPMENT
Loan Guarantees to Israel; Notice of Investment Opportunity
The Government of Israel (the ``GOI'') wishes to select a lead
managing underwriter 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 trenches, 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.
The lead managing underwriter for the proposed transaction will be
selected through a competitive bid on the expected pricing date. In
order to pre-qualify for participation in the competitive sale,
potential bidders must demonstrate the requisite financial and
technical capabilities by their responses to a Request for Proposals
(``RFP''), which will be available from the GOI on or about July 28,
1995. Proposals must be submitted, in accordance with the RFP, by 5:00
p.m. on August 7, 1995. For information regarding the submission of
proposals, please contact Mr. Eliahu Ziv-Zitouk, Chief Fiscal Officer,
Ministry of Finance of the Government of Israel, 800 Second Avenue, New
York, N.Y. 10017 (fax: 212/499-5715).
The GOI reserves the right to limit the number of firms that are
eligible to submit bids to underwrite the proposed transaction, and to
reject any or all bids. 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 such role. All firms are encouraged to seek to
prequalify, regardless of ethnic origin, race or gender.
The full repayment of the loans will be guaranteed by USAID. To be
eligible for an 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 for in
agreements between USAID and the GOI.
Additional information regarding USAID's responsibilities in this
guaranty program can be obtained from the undersigned: Room 225, SA-2,
515 22nd Street NW., Washington, DC 20523-0235, Telephone: 202/663-
2773.
Dated: July 27, 1995.
Michael G. Kitay,
Assistant General Counsel, Agency for International Development.
[FR Doc. 95-18906 Filed 7-31-95; 8:45 am]
BILLING CODE 6116-01-M
