Treasurer 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 kick off the new year with this purchase,” said Treasurer Sprague. “With Israel Bonds’ continuously competitive interest rates and reliable payments, they remain a strong investment for Ohio’s taxpayers. We’re proud to continue Ohio’s long history of purchasing Israel Bonds.”
The bonds will mature in 2026 and yield 1.20% and 1.35%. 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 95 other state and municipal public employee pension and treasury funds. After the purchase, the Ohio Treasury will hold a total of $215 million in Israel Bonds.
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 $29 billion investment and $11 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.