Israel Bonds are versatile securities that can be found in the portfolios of an impressive array of investors, including state and municipal governments, national and local unions, universities, foundations, corporations and financial institutions. Worldwide sales have exceeded $33 Billion since the bonds were first issued in 1951, and Israel has never defaulted on payment of principal, maturity amount, or interest. Israel's outstanding repayment record and forward-looking economy have earned her investment grade ratings from Moody's, Standard and Poor's and Fitch. Israel Bonds, currently celebrating its 61st anniversary, is the only organization that channels funds directly to Israel's Finance Ministry.