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Development Corporation for Israel, which underwrites the bonds
in the United States and is commonly known as Israel Bonds, said
Buffett will meet privately on Thursday with U.S., Canadian,
Mexican and Brazilian investors who have each signaled plans to
buy between $1 million and $5 million of the bonds.
It said a similar event held in November in Omaha, Nebraska,
where Buffett runs Berkshire Hathaway Inc <BRKa.N>, raised more
than $60 million, and the New York event could raise an
additional $140 million.
The event will include a luncheon with Larry Silverstein, who
helped found Silverstein Properties and is the developer of the
One World Trade Center site in Manhattan.
Buffett owns $5 million of Israeli bonds in his personal
portfolio, Israel Bonds said.
"The purchase of Israel bonds is a sound investment and a
deserved endorsement of a remarkable country," Buffett said in a
statement provided by Israel Bonds.
Berkshire has owned Israeli toolmaker Iscar since 2006, when it
paid $4 billion for an 80 percent stake. It bought the rest for
$2.05 billion in 2013.
The conglomerate, which has more than 90 business units, has
also owned Israeli bonds since acquiring the workers'
compensation insurer Guard Insurance in 2012, Israel Bonds said.
(This version of the story corrects paragraphs 1 and 6 to
reflect that Israel Bonds is an underwriting agency)
(Reporting by Jonathan Stempel in New York; Editing by Bill
Trott)
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