Columbus, Ohio (February 8, 2024) – Ohio Treasurer Robert Sprague today announced the purchase of a $30 million, three-year Israel Bond, reaffirming the state’s ongoing support for Israel and commitment to sound investment strategies.
“Israel’s fight against terrorism is ongoing, and they need our support,” Treasurer Sprague said in a statement. “Investing in Israel Bonds not only provides crucial liquidity for Israel, but also secures a solid return for Ohio taxpayers. It’s a win-win situation.”
The newly purchased bond, secured last week, matures in February 2027 and offers a competitive interest rate of 4.81%. Israel has maintained a flawless record of repaying all interest and principal on its bonds since their inception in 1951.
This investment continues a long-standing tradition within the Ohio Treasury. “Every treasurer since 1993 has chosen to invest in Israel Bonds,” Treasurer Sprague noted. “We join over 115 other public pension funds and treasuries across the country in recognizing the strength and value of these bonds.”
With this purchase, the Ohio Treasury’s total holdings in Israel Bonds reach $262.5 million, solidifying its position as one of the largest governmental holders of these bonds in the United States. Under Treasurer Sprague’s leadership, Ohio has invested a total of $312.5 million in Israel Bonds.
