Illinois Treasurer Mike Frerichs says his office will invest an additional $10 million in Israel as a response to the attacks by Hamas. That decision comes after reaching out to Israeli partners and asking how to help. Frerichs released a statement Thursday saying the investment shows “our strong commitment to Israel and its people.” He adds it a way to show ” with action and deeds as well as words, that we want to do what we can in this time of need.”
Frerichs office has invested in Israel Bonds since he became State Treasurer in 2015, and he says Israel Bonds have never defaulted in their more than 70 years as an investment. According to Frerich’s office, the bonds will mature in 2028 with an interest rate at 5.74 percent.
