On Friday, Texas Comptroller Glenn Hegar announced that Texas has purchased $20 million in Israel bonds. It was another of several actions taken this week to show support for Israel after it was attacked by the Islamic terrorist organization Hamas.
“Texas has long had a deep spiritual, political and economic connection to Israel and the Israeli people,” Comptroller Hegar said. “They are our friend and ally, and Texas supports their right to defend their people against these cowardly terrorists. We will stand with them, and we will provide them with the financial liquidity needed to respond to the atrocities we’ve all witnessed.”
The bonds Texas purchased are fixed-rate with an interest of 5.74% and mature in five years. Purchasing them is expected to provide additional liquidity to Israel, the comptroller said.
However, Texas investing in Israel bonds is not new. Texas has purchased bonds from the Jewish nation every year since 1994. After this purchase, Texas will hold nearly $100 million in Israel bonds.
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