COLUMBUS, Ohio — Ohio’s treasurer has announced the purchase of a three-year, fixed-rate $30 million Israel Bond in a press release.
“Israel’s need for support remains as they continue their fight against terrorism,” Treasurer Robert Sprague said in the release. “Not only do Israel Bonds help provide much-needed liquidity to Israel, but their solid repayment history and competitive rates also provide a sound investment for Ohio and a great fit on our bond ladder.”
The release states that the bond will mature on Feb. 1, 2027, at a 4.81% interest rate. It also notes Israel’s “perfect” record when it comes to payments since the Israel Bonds inception.
For more than 30 years, the release notes that all Ohio Treasurers have invested in these bonds.
“After the purchase, the Ohio Treasury now holds a total of $262.5 million in Israel Bonds, continuing Ohio’s standing as one of the largest government holders of these bonds in the United States,” the release reads. “This purchase brings Ohio’s total purchases to $312.5 million since Treasurer Sprague took office.”
Israel has been at war with Hamas since Oct. 7, 2003, when Hamas launched a deadly attack.
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