COLUMBUS, Ohio — Ohio’s Treasurer, Robert Sprague, has unveiled a strategy to invest $20 million into five-year fixed-rate bonds from Israel.
Treasurer Sprague remarked, “Now is the time to stand with Israel. Israel bonds have consistently proven to be a robust investment for the Ohio Treasury over the last three decades. With this $20 million acquisition, we aim to bolster Israel’s financial standing amidst its battle against recent acts of terror.”
These bonds are set to mature on October 1, 2028, boasting an interest rate of 5.74%. Ever since its inception in 1951, Israel bonds have upheld an impeccable track record of both interest and principal repayments.
Historically, every Ohio Treasurer since 1993 has allocated funds into Israel Bonds. This aligns Ohio with over 115 other state and municipal entities in the U.S. that invest in these bonds. Post this recent acquisition, the Ohio Treasury’s total holdings in Israel bonds will amount to $187.5 million, cementing Ohio’s reputation as one of the principal governmental investors in these bonds across the U.S. Notably, since Sprague assumed his role as Treasurer, Ohio’s total investments in Israel bonds have reached $227.5 million.