Ohio Treasurer Robert Sprague Announces $10 Million Israel Bond Purchase
Columbus - Ohio Treasurer Robert Sprague today announced the purchase of $10 million in five-year fixed rate Israel bonds.
“We’re proud to continue Ohio’s tradition of investing in Israel bonds,” said Treasurer Sprague. “They have proven to be a solid financial investment for Ohio’s taxpayers thanks to their strong interest rates.”
The bonds will reach maturity in 2024 and pay a 3.5% yield. Israel has maintained a perfect record of interest and principal payments since Israel Bonds was established in 1951.
Since 1993, every Ohio Treasurer has invested in Israel bonds, joining more than 95 other state and municipal public employee pension and treasury funds. The Ohio Treasurer of State currently holds $169 million in Israel bonds, making the agency the largest state holder in the United States.
Robert Sprague became Ohio’s 49th Treasurer of State on January 14, 2019, bringing to the office his extensive experience working on financial matters in both the public and private sectors. Under Treasurer Sprague’s direction, the office manages the state’s $20 billion investment and $10 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.