Israel Bonds

What Israel Bonds does

Israel Bonds is the trade name for Development Corporation for Israel (DCI), a privately held FINRA-member broker-dealer founded in 1951 and headquartered in New York. DCI holds the exclusive authorization to underwrite debt securities issued by the State of Israel in the United States, distributing general obligation bonds backed by the full faith and credit of the State of Israel. The product portfolio comprises two series: the Fixed Rate Bond Series (Jubilee, Premium Jubilee, Maccabee, and Jubilee Financing Bonds) with terms ranging from 3 to 15 years and semiannual or at-maturity interest payments, and the Savings Bond Series (Sabra, Mazel Tov, eMazel Tov, Shalom, eShalom) that accrue interest to maturity. Current featured rates include 4.80% on 3-Year Jubilee, 5.23% on 5-Year Jubilee, and 6.00% on 15-Year Premium Jubilee. The organization also operates wholly-owned affiliates in Canada, the European Union, and other international markets.

Revenue is generated through underwriting commissions and sales margins on each transaction, supplemented by gift and charitable bond programs targeted at life-cycle events and institutional/religious giving. Distribution is omnichannel: a self-service online platform (online.israelbonds.com) and Computershare-operated Israel Bonds Direct for post-issuance bondholder servicing, paired with a national registered representative sales force, vertical community divisions (Women's, New Leadership, Medical, Real Estate, Synagogue & Rabbinic, Legal), and strategic partnerships with organizations such as Taglit Birthright Israel, MASA Israel Journey, and the Christian Broadcasting Network.

The technology stack is anchored on traditional broker-dealer infrastructure, with a notable May 2023 pilot of blockchain-based sovereign bond issuance (Project Eden) at the Tel Aviv Stock Exchange using Fireblocks tokenization technology in collaboration with major Israeli and international banks. The platform has cumulatively placed over $57 billion in worldwide investments since 1951 and surpassed $2 billion in annual global sales for three consecutive years through 2025, reaching a 75-year operational milestone in 2026 with a perfect on-time payment record on principal and interest.

Name

Israel Bonds

Legal name

Development Corporation for Israel

Website

https://israelbonds.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

101–250 employees

Short description

Development Corporation for Israel (DCI), operating as Israel Bonds, is a FINRA-member broker-dealer founded in 1951 that exclusively underwrites and distributes State of Israel general obligation debt securities to retail and institutional investors across the US, Canada, the EU, and other international markets through a registered-representative sales force, community divisions, and a self-service online platform.

Ownership category

akta.pro rank

Product category

Sovereign Debt Underwriting

NAICS

Investment Banking and Securities Intermediation (52315)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Government Bonds & Agencies (Sovereigns, Supras, Munis) (FSAAAHAA)

akta.pro secondary industry

Bond Auction & Primary Issuance Platforms (FSAFACAH)

Keywords

• Sovereign bond underwriting
• Government debt securities
• Broker-dealer services
• Fixed income investments
• Retail investment brokerage

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Bond Underwriting and Sales Commissions: Development Corporation for Israel (DCI) operates as a FINRA-member broker dealer and the exclusive underwriter of debt securities issued by the State of Israel in the United States. Revenue is generated through the sale of Israel bonds, earning underwriting commissions on each transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Israel Bonds, operating through the Development Corporation for Israel (DCI), is a FINRA-regulated broker-dealer that exclusively underwrites and markets debt securities issued by the State of Israel. The organization sells a laddered product suite of U.S.-dollar-denominated sovereign bonds (Jubilee, Premium Jubilee, Maccabee, Financing, Sabra, Shalom, Mazel Tov, and electronic eMazel Tov/eShalom variants) to U.S. retail investors, institutional accounts, and faith-based organizations via registered representatives, an online investor platform, and the issuer-level Israel Bonds Direct (IBD) channel.

Product overview

Israel Bonds is a bond investment program operated by Development Corporation for Israel (DCI), a FINRA-member broker dealer that exclusively underwrites debt securities issued by the State of Israel. The product portfolio consists of two bond series: the Fixed Rate Bond Series (Jubilee, Premium Jubilee, Maccabee, and Jubilee Financing Bonds) offering semiannual or at-maturity interest payments with terms from 3 to 15 years; and the Savings Bond Series (Sabra, Mazel Tov, eMazel Tov, Shalom, eShalom) that accrue interest and pay at maturity. The service is delivered through the online investor platform (online.israelbonds.com) for purchases and account management, with post-issuance bondholder services provided through Israel Bonds Direct (IBD) by fiscal agent Computershare. Bonds must be held to maturity with no secondary market.

Differentiator

Problem solved

Functional benefit

Brands

• Jubilee Bonds: Fixed rate bonds paying interest semiannually in May and November
• Maccabee Bonds
• Premium Jubilee Bonds
• Sabra Savings Bonds
• Mazel Tov Bonds
• eMazel Tov Bonds
• Shalom Savings Bonds
• eShalom Bonds

Products and services

• Jubilee Bonds (3-Year and 5-Year)

Quantifiable outcome

• Perfect record of on-time payments of both principal and interest since 1951
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor and core.

• Five Major Israeli Banks (Partner Banks)minorStrategic or Co-development Partner · 1 May 2023Five major Israeli banks participated in Project Eden, the blockchain-based sovereign bond issuance pilot conducted at the Tel Aviv Stock Exchange.
• Taglit Birthright Israel FoundationcoreStrategic or Co-development PartnerIsrael Bonds partnered with Birthright Israel Foundation to connect future generations to Israel. Birthright Israel has provided thousands of Jews with life-changing trips to Israel for over 20 years. Through this partnership, participants can continue their connection to Israel through investments rather than donations, ensuring a strong Israel exists for generations to come.
• MASA Israel JourneycoreStrategic or Co-development PartnerIsrael Bonds and Masa Israel Journey partnered to allow Masa fellows, parents, and Israel investors to further their connection to Israel. Masa creates immersive experiences in Israel for Jews from around the world through gap programs, volunteering, internships, teaching, and academic programs.
• Christian Broadcasting Network (CBN)coreGTM or Marketing PartnerIsrael Bonds launched the 'Faith in the Future' campaign targeting Christian allies who believe in Israel's destiny. The partnership encourages Christians to make a real, lasting impact through investment rather than charity, aligning financial stewardship with biblical values.
• ComputersharecoreTechnology or IntegrationComputershare serves as the fiscal and transfer agent for Israel bonds. They maintain bondholder records, issue account statements, process maturity and interest payments, and provide online access through Israel Bonds Direct (IBD). Contact: 866.764.3425.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Stifel Financial: US broker-dealer with a substantial retail and institutional fixed-income distribution franchise, including municipal and corporate bond underwriting. Comparable to Israel Bonds in the broker-dealer distribution of fixed-income products to retail and institutional clients.
• Oppenheimer & Co. Mid-sized US broker-dealer with active public finance and fixed-income underwriting and distribution operations. Similar role to Israel Bonds as a specialized broker-dealer distributing fixed-income securities to institutional and retail clients.
• Edward Jones: Large US retail broker-dealer with a heavy emphasis on fixed-income distribution to mass-affluent retail investors via a national branch network. Highly comparable GTM motion to Israel Bonds' registered-representative field force selling individual bonds to retail accounts.
• Tradeweb Direct: Retail-focused fixed-income trading platform owned by Tradeweb Markets, enabling financial advisors and individual investors to access corporate and municipal bond markets. Adjacent infrastructure to Israel Bonds' digital bond distribution and self-service platform.
• TreasuryDirect: US government's online platform for retail investors to purchase US Treasury securities directly. Conceptually analogous to Israel Bonds' online investor platform (online.israelbonds.com)—a sovereign issuer's direct-to-retail bond distribution channel with no intermediary broker fees.

Direct peers

• KfW Group: Germany's state-owned promotional bank and one of the world's largest sovereign-backed bond issuers. KfW is the most direct structural analogue to Israel Bonds: a national development institution that raises debt capital markets funding via retail and institutional channels, backed by the full faith and credit of a sovereign (the Federal Republic of Germany).
• Council of Europe Development Bank (CEB): Supranational/SSA bond issuer that distributes debt securities to retail and institutional investors across Europe to fund development projects. Comparable to Israel Bonds as a mission-driven sovereign/quasi-sovereign debt distributor with diversified investor base and international distribution.
• Nordic Investment Bank (NIB): International development bank owned by Nordic and Baltic member states that issues bonds in international capital markets. Operates with similar dynamics to Israel Bonds: a multilateral/sovereign-backed debt issuer distributing to global retail and institutional investors.
• Inter-American Development Bank (IDB): Major SSA bond issuer funding regional development via capital markets debt issuance. Like Israel Bonds, IDB raises debt at sovereign/near-sovereign credit quality and distributes globally to retail and institutional investors.

Others

• Computershare: Transfer agent and issuer services provider that actually services Israel Bonds (operating the Israel Bonds Direct / IBD platform). Listed as an ecosystem participant rather than competitor: any tokenization or alternative-distribution strategy by DCI would likely run through or compete with Computershare's bondholder-services infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IsraelBondsDCI
• LinkedInlinkedin.com/company/state-of-israel-bonds
• Instagraminstagram.com/israelbonds
• Xx.com/IsraelBondsNews

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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