Treasurer Sprague Announces $20 Million Israel Bond Purchase
COLUMBUS – Ohio Treasurer Robert Sprague today announced the purchase of $20 million in five-year, fixed-rate Israel Bonds.
“For thirty years, Ohio has turned to Israel Bonds as a sound and effective investment for our state,” said Treasurer Sprague. “With their competitive interest rates and strong record of reliable payments, Israel Bonds continue to be a valuable investment for Ohioans.”
The bonds will mature in five years, on February 1, 2028, with an interest rate of 4.46%. 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 today’s purchase, the Ohio Treasury will hold a total of $182.5 million in Israel Bonds, continuing Ohio’s standing as one of the largest government holders of these bonds in the United States. This purchase will bring Ohio’s total purchases to $202.5 million since Treasurer Sprague took office.