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Ohio to Purchase $50 Million in Israel Bonds
(Cleveland Jewish News) Ed Wittenberg - Ohio Treasurer Josh Mandel announced April 28 that his office is purchasing $50 million worth of Israel Bonds. Since taking office in 2011, Mandel has made four purchases of Israel Bonds totaling more than $167 million. Every Ohio treasurer since 1993 has invested in Israel Bonds, as have more than 80 state and municipal public employee pension and treasury funds, according to the state treasurer's office. Israel Bonds are an attractive investment option for state and municipal public funds because they are dependable and yield a competitive interest rate. "For 64 years, Israel has paid every penny of interest and principle," said Thomas Lockshin, executive director of Ohio and Kentucky for the Development Corp. for Israel/Israel Bonds.