[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