Israel Bonds

What Israel Bonds does

Israel Bonds is a sovereign debt distribution program that has channeled investor loans to the State of Israel since 1951. The organization is operated by Canada-Israel Securities, Limited (CISL) in Canada — headquartered in Toronto and registered with the Ontario Securities Commission — and by the Development Corporation for Israel (DCI) in the United States, with affiliated international operations. Over 75 years of continuous operation, Israel Bonds has maintained a perfect repayment record, with the State of Israel acting as direct obligor and ultimate guarantor via its full faith and credit.

The core product is fixed-rate debt securities denominated in CAD and USD with maturity options of 1, 2, 3, 5, 10, and 15 years, paying semi-annual interest and returning principal at maturity. The product line extends to specialized variants: eMazel Tov (digital gift bond from $36) and Mazel Tov (physical gift bond from $100) for celebratory occasions, and the Shalom Savings Bond for charitable giving where the face value plus interest is directed to a donor's chosen charity at maturity. Distribution is multi-channel: self-service website, full-service and discount brokerages, and self-directed registered accounts including RRSP, TFSA, RESP, RDSP, and Cash Accounts in Canada.

The business model is distribution-based rather than principal-based — investors lend directly to the State of Israel, and Israel Bonds entities retain margins/commissions on placed bonds. Customer segments span individual retail investors (often using registered accounts for tax-advantaged holding), Jewish community leaders who drive Unity Event and golf-tournament-driven bond purchases, and institutional investors including universities (notably Florida Atlantic University as the largest U.S. university investor at $5M) and U.S. state treasuries and pension funds. A post-October 2023 surge produced over $200 million in bond sales and commitments from U.S. states and organizations, illustrating the program's ability to scale institutional demand in response to geopolitical catalysts.

Name

Israel Bonds

Legal name

Canada-Israel Securities, Limited

Website

https://israelbonds.ca

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

11–50 employees

Short description

Israel Bonds is a 75-year-old sovereign debt distribution program, operated by Canada-Israel Securities and the Development Corporation for Israel, that channels retail and institutional investor loans to the State of Israel via fixed-rate bonds, gift bonds, and charitable products.

Ownership category

akta.pro rank

Product category

Sovereign Debt Securities

NAICS

Credit Intermediation and Related Activities (522)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Sovereign Bonds (FSACABAC)

akta.pro secondary industry

Bond Auction & Primary Issuance Platforms (FSAFACAH)

Keywords

• Sovereign bond issuance
• Government debt securities
• Fixed income investment
• Registered savings plans
• Gift bond products

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Bond Issuance and Interest Payments: Israel Bonds generates revenue by issuing loans (bonds) to investors. The State of Israel pays interest to bondholders and repays the principal at maturity. The organization acts as the distribution mechanism for these government securities.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels4 records

Core offering

Israel Bonds are debt securities issued by the State of Israel, allowing investors to lend money directly to Israel in exchange for fixed-rate interest payments and full principal repayment at maturity. The bonds are available in CAD and USD with maturity options of 1, 2, 3, 5, 10, and 15 years, and can be held within registered accounts (RRSP, TFSA, RESP) or standard cash accounts. Specialized variants include gift bonds (eMazel Tov Bond starting at $36 and Mazel Tov Bond starting at $100) and the Shalom Savings Bond for charitable giving.

Product overview

Israel Bonds (operated by Canada-Israel Securities, Limited) offers a portfolio of bond products issued by the State of Israel. The core offering consists of fixed-rate bonds available in multiple currencies (USD and CAD) with various maturity options ranging from 1 to 15 years. The product line includes standard investment bonds, gift bonds (eMazel Tov Bond and Mazel Tov Bond) for celebratory occasions, and the Shalom Savings Bond for charitable giving. These bonds can be held through multiple account types including self-directed RRSP, TFSA, RESP, and Cash Accounts, allowing investors to integrate Israel Bonds into their broader financial planning strategies.

Differentiator

Problem solved

Functional benefit

Brands

• eMazel Tov Bond: Electronic gift bond available in CDN or US currency, starting at $36, with multiples of $1 that can be added at time of purchase.
• Mazel Tov Bond
• Shalom Savings Bond

Products and services

• Israel Bonds (State of Israel Bonds) Debt securities issued by the State of Israel, allowing investors to lend money to Israel in exchange for fixed interest payments and principal repayment at maturity. Available in CAD and USD with maturity options of 1, 2, 3, 5, 10, and 15 years and semi-annual interest payments.
• eMazel Tov Bond A digital gift bond available in CDN or USD currency, starting at $36, with multiples of $1 that can be added at time of purchase. Designed for celebrating holidays, milestones, or achievements.
• Mazel Tov Bond A physical gift bond starting at $100, available in CDN or USD currency with multiples of $1 that can be added at time of purchase. Used for celebrating special occasions and achievements.
• Shalom Savings Bond A donation-focused bond where the donor's favorite charities receive the full face value of the bond at maturity plus interest, while Israel also benefits from the investment.
• Cash Account A self-directed cash account option for holding Israel Bonds with maturity choices of 1, 2, 3, 5, 10, and 15 years, currency choices of CAD and USD, and fixed rates with semi-annual interest payments.
• RRSP (Registered Retirement Savings Plan) Self-directed RRSP account option for holding Israel Bonds, offering fixed rates of return with semi-annual interest payments for retirement planning.
• TFSA (Tax-Free Savings Account) Self-directed Tax-Free Savings Account option for holding Israel Bonds, allowing Canadian residents to earn tax-free interest income on investments up to the CRA contribution limits.
• RESP (Registered Educational Savings Plan) Self-directed RESP account for holding Israel Bonds to help fund post-secondary education, offering fixed rates and semi-annual interest payments.

Quantifiable outcome

• Perfect repayment record over 75 years of operation
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Development Corporation for Israel (DCI / Israel Bonds United States): The U.S. operating entity of the same Israel Bonds program, issuing State of Israel sovereign debt to American investors. Functionally a sister branch of the same overall issuance/distribution platform, directly comparable in product, target customer, and underwriting structure.
• US TreasuryDirect: U.S. government platform that issues and distributes Treasury securities directly to retail investors. Operates the same primary-issuance, sovereign-backed retail distribution model as Israel Bonds and serves as the closest direct comparable for retail-focused sovereign bond access.

Broad incumbents

• PIMCO: One of the world's largest fixed-income asset managers offering a broad range of government, sovereign, and credit bond funds (e.g., PIMCO Total Return). Competes for the same retail and institutional fixed-income wallet share that Israel Bonds targets, though as a diversified multi-issuer manager rather than a single-sovereign program.
• Vanguard (Bond ETFs / Mutual Funds): Operates major bond funds and ETFs (e.g., Vanguard Total Bond Market ETF, Vanguard Long-Term Treasury). Provides highly liquid, low-cost government bond exposure to retail investors, directly competing for the same tax-advantaged fixed-income allocations.
• iShares by BlackRock: Issuer of the largest Treasury and government bond ETFs (e.g., iShares 7-10 Year Treasury Bond ETF). Offers liquid, low-cost sovereign exposure that competes directly with the hold-to-maturity restriction embedded in Israel Bonds.
• BlackRock: Global asset manager with extensive government bond and credit fund offerings servicing both retail and institutional investors. Comparable in scale and product breadth, with substantial institutional overlap (endowments, pensions) where Israel Bonds is gaining traction.
• Fidelity Investments: Major retail and institutional fixed-income provider offering government bond funds and brokerage-distributed fixed-income products. Comparable in targeting the same registered-account, retail-investor fixed-income allocations that Israel Bonds seeks in Canada and the U.S.
• JPMorgan Government Bond Funds: Operates a range of government and intermediate bond funds for retail and institutional investors. Comparable as a broad incumbent competing for sovereign fixed-income allocations, including the institutional allocator segment that FAU's $5M investment signals Israel Bonds is targeting.

Emerging players

• Ukraine War Bonds / Sovereign Issuance Programs: Ukraine's retail-targeted sovereign war bond program, distributed directly to diaspora and individual investors. Functionally analogous as a diaspora-driven, geopolitical-purpose sovereign bond channel that has emerged in response to conflict, offering a partial comparable model.

Regional players

• BMO Capital Markets (Fixed Income): Canadian-headquartered investment bank with a significant fixed-income and government bond underwriting/distribution business. Comparable as a primary-issuance and distribution channel for Canadian investors, the same geography Israel Bonds' Canadian entity serves through full-service and discount brokerages.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/IsraelBondsCanada
• Facebookfacebook.com/israelbondscanada
• LinkedInlinkedin.com/company/israel-bonds-canada-israel-securities-limited
• Instagraminstagram.com/israelbondscanada
• Xx.com/Israel_Bonds

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Israel Bonds