PRESS RELEASE: Texas Comptroller Glenn Hegar Announces $45 Million Purchase in Israel Bonds
Texas Comptroller of Public Accounts sent this bulletin at 11/02/2023 01:39 PM CDT
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November 2, 2023 Texas Comptroller Glenn Hegar Announces $45 Million Purchase in Israel Bonds (AUSTIN) — Texas Comptroller Glenn Hegar today announced the purchase of an additional $45 million in Israel bonds, continuing to provide liquidity to Israel as it defends itself against Hamas. Last month, Hegar announced the state had purchased $20 million in Israel bonds. The fixed-rate bonds mature in three years and carry an interest rate of 5.4 percent. “I am pleased to be able to continue supporting Israel,” Hegar said. “They are a friend and ally of Texas, and we are proud to stand by them and provide support as they defend themselves. Israel is also a reliable counterparty, and their perfect record of interest and principal payments make this a solid investment for Texas.” Since 1994, Texas has invested in Israel bonds yearly, and after this purchase, the state will hold about $140 million in Israel bonds. Israel began selling bonds in 1951. Since Hegar took office, Texas has purchased $185 million in Israel bonds. |
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