Pennsylvania makes key investment by buying Israel Bonds
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced Pennsylvania’s recent purchase of $11.8 million in Israel Bonds, expanding an investment that benefits both Pennsylvania and the State of Israel. The investment transaction as completed increased the total amount of Israel Bonds in the Pennsylvania Treasury portfolio to $40 million.
Bonds that the Pennsylvania Treasury had previously purchased totaling $9.8 million had matured, allowing it to reinvest in Israel Bonds. Treasury reinvested the $9.8 million in Israel bonds and added $2.0 million to bring the Commonwealth’s total investment to $40 million, the most it has held since 2015, and providing a yield of 2.67 percent.
“To fulfill our mission of building the financial security of the Commonwealth, we are always searching for the best investments to make on behalf of Pennsylvanians. Increasing our holdings of Israel Bonds represents a fresh approach to an investment that the Pennsylvania Treasury has made for a long time."Pennsylvania Treasurer, Joe Torsella