[Federal Register Volume 60, Number 170 (Friday, September 1, 1995)]
[Notices]
[Pages 45733-45734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21846]



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AGENCY FOR INTERNATIONAL DEVELOPMENT


Loan Guarantees To Israel; Notice of Investment Opportunity 
Amendment No. 1

    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 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.
    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 GOT on or about July 28, 
1995. Proposals must be submitted, in accordance with the RFP, by 5:00 
p.m. on September 5, 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 

[[Page 45734]]
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 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 225, SA-2, 
515 22nd Street NW., Washington, D.C. 20523-0235, Telephone: 202/663-
2773.

    Dated: August 25, 1995.
Michael G. Kitay,
Assistant General Counsel, U.S. Agency for International Development.
[FR Doc. 95-21846 Filed 8-31-95; 8:45 am]
BILLING CODE 6116-01-M