Treasurer Sprague Announces $22.5 Million Israel Bond Purchase
COLUMBUS – Ohio Treasurer Robert Sprague today announced the purchase of $22.5 million in five-year, fixed-rate Israel Bonds.
“With competitive interest rates and reliable payments, Israel Bonds remain a valuable investment for Ohio’s taxpayers,” said Treasurer Sprague. “The Buckeye State is among the largest government holders of Israel Bonds in the country, and we’re proud to continue the office’s long-standing tradition.”
The bonds will mature in 2027 and yield 3.44%. Since Israel Bonds were 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 $192.5 million in Israel Bonds. Since Treasurer Sprague took office in 2019, the office has purchased $182.5 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 $39 billion investment and $11 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.