(From the Office of the Ohio Treasurer)
Ohio Treasurer Robert Sprague today announced the $30 million purchase of a three-year, fixed-rate Israel Bond.
“Israel’s need for support remains as they continue their fight against terrorism,” said Treasurer Sprague. “Not only do Israel Bonds help provide much-needed liquidity to Israel, but their solid repayment history and competitive rates also provide a sound investment for Ohio and a great fit on our bond ladder.”
With the purchase settled last week, the bond will mature in three years, on February 1, 2027, with an interest rate of 4.81%. Since Israel Bonds was established in 1951, Israel has maintained a perfect record of interest and principal payments.
Since 1993, every Ohio Treasurer has invested in Israel Bonds, joining more than 115 other state and municipal public employee pension and treasury funds.
After the purchase, the Ohio Treasury now holds a total of $262.5 million in Israel Bonds, continuing Ohio’s standing as one of the largest government holders of these bonds in the United States. This purchase brings Ohio’s total purchases to $312.5 million since Treasurer Sprague took office.