New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund has acquired an additional $20 million in Israeli bonds from the Israel Development Corporation.
This latest acquisition increases the State Pension Fund’s total holdings in Israeli bonds to $267.8 million. “We buy Israeli bonds because we believe in the spirit of innovation and determination of the Israeli people and in their solid investment in Israel,” DiNapoli said. He emphasized fiscal cohesion during recent times of turmoil, with other U.S. states also investing, including Pennsylvania, Florida and Texas, which have collectively accumulated $150 million in Israeli debt. admitted that.
Dani Nabe, president and CEO of Israel Bonds, praised New York’s significant support and emphasized the importance of these investments at a critical time for Israel. Bonds procured by the National Pension Fund have an attractive high yield with a maturity of 10 years and a nominal interest rate of 5.96%.
The New York State Pension Fund’s commitment to Israeli bonds dates back to the 1990s, and its total investments in Israel are approximately $1.5 billion across a variety of asset classes. Howard L. Goldstein, Chairman of the Board of Directors of Israel State Bonds, reflected on the long-standing relationship: “The Empire State continues to demonstrate its strong partnership with the Jewish state today and in the future.” Stated.
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