With Israel at war, Development Corporation for Israel/Israel Bonds and its affiliates around the world this week secured over $200 million in bond sales and commitments from investors since the war broke out in Israel
Investments came from the Commonwealth of Pennsylvania, Florida Department of Financial Services, Illinois State Treasurer, New York State Common Retirement Fund, Texas Comptroller of Public Accounts – State Treasury, Treasurer of the State of Ohio, Palm Beach County, and Cross River.
Israel bonds have raised $200m since war broke out, mostly from US states, local gov’ts | https://t.co/hY3qFGdFY2 pic.twitter.com/6XsmoMFJ6L
— The Jerusalem Post (@Jerusalem_Post) October 13, 2023
Israel Bonds, which before the war broke out in Israel had nearly met its annual goal of $1 billion in bond sales, has also launched a special campaign to raise support for Israel among the American and international Jewish communities.
“The extent to which the United States has supported Israel is incredible, demonstrating how this support cuts across partisan lines and is deeply rooted nationwide,” said Israel Bonds President and CEO Dani Naveh. “The response across many U.S. states was immediate and demand exceeded the amount of Israel bonds that we were able to sell at that time. At the same time, thousands of Jews from all over the world have been expressing their support for Israel by also purchasing bonds for themselves and on behalf of various organizations such as hospitals, emergency service organizations, and an organization supporting Israeli soldiers.”
Ohio Treasurer: ‘Now is the time to stand with Israel.’
In announcing his state’s new investment of $25 million in Israel bonds, Florida Chief Financial Officer Jimmy Patronis said, “Florida and Israel have deep economic and personal ties, and our state unequivocally stands with Israel following the heinous Iran-backed terrorist attacks this week.” Ohio Treasurer Robert Sprague said regarding his state’s $20 million purchase, “Now is the time to stand with Israel. For 30 years, Israel bonds have been — and continue to be — a strong investment for the Ohio Treasury.”
For 72 years, Israel Bonds has generated $49 billion worldwide, across all Bonds entities, in financial support for the building and development of every sector of Israel’s economy.
