Treasurer Sprague Announces $5 Million Israel Bond Purchase
COLUMBUS – Ohio Treasurer Robert Sprague today announced the purchase of $5 million in five-year, fixed-rate Israel Bonds.
“Through competitive interest rates and a strong time-tested record of reliable payments, Israel Bonds continue to be a sound and effective investment for the State of Ohio,” said Treasurer Sprague. “Friday’s transaction marks the thirteenth time our administration has made an investment in Israel Bonds, and we’re proud to continue the state’s long-standing legacy of purchasing these bonds.”
The bonds will mature in five years, on September 1, 2028, with an interest rate of 5.43%. 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 $167.5 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 $217.5 million since Treasurer Sprague took office.