HILLSBOROUGH COUNTY, Fla. – On Thursday, Florida CFO Jimmy Patronis announced the purchase of an additional $10 million in Israel bonds by the State Treasury. This bond purchase brings Florida’s total investment in Israel bonds to $60 million, the largest total ever held by the State of Florida.
Under the CFO’s direction, the State Treasury has been investing in Israel bonds to diversify the state’s investment portfolio as part of an important long-range investment strategy. Israel bonds are known to be an investment in a strong economy that has a commitment to innovation and cutting-edge technology.
CFO Jimmy Patronis said, “I was proud to announce Florida’s additional $10 million purchase of Israel bonds by our state treasury, marking a historic total investment of $60 million in Israel bonds for Florida. This significant investment further highlights and strengthens the relationship between Florida and Israel, our ally and economic partner in the Middle East. Not only does this purchase provide Florida with a strong and dependable investment, it emphasizes Florida’s commitment to stand with and support Israel and work towards our collective goal to build a better, stronger Florida.”
Representative Randy Fine said, “Thank you, CFO Patronis for your outstanding leadership and continued dedication to strengthen the Israel/Florida relationship. Indeed, Jimmy Patronis is the most pro-Israel CFO in the United States. A strong Israel is good for Florida, and you have been a forceful advocate for the connection between our economies and our people. I am proud that our state now owns the largest amount of Israeli bonds in its history and know that our shared bond will only continue to grow.”
Israel Bonds Current Rates
Valid 10/15/2020 – 10/31/2020
| JUBILEE BONDS Eleventh Series | PROSPECTUS | Minimum Subscription: $25,000 and increments of $5,000. |
| BOND | RATE | MATURITY DATE |
| 2-Year | 1.01% | November 01, 2022 |
| 3-Year | 1.10% | November 01, 2023 |
| 5-Year | 1.40% | November 01, 2025 |
| 10-Year | 2.23% | November 01, 2030 |
| 15-Year | 2.48% | November 01, 2035 |
- Issued on the 1st and 15th of each month.
- Interest paid every May 1st and November 1st.
- 1-Year Jubilee Bonds are not offered in this sales period.
| MACCABEE BONDS Eleventh Series | PROSPECTUS | Minimum Subscription: $5,000 and increments of $500. |
| BOND | RATE | MATURITY DATE |
| 2-Year | 0.86% | November 01, 2022 |
| 3-Year | 0.95% | November 01, 2023 |
| 5-Year | 1.24% | November 01, 2025 |
| 10-Year | 2.08% | November 01, 2030 |
| 15-Year | 2.33% | November 01, 2035 |
- Issued on the 1st and 15th of each month.
- Interest paid every May 1st and November 1st.
- 1-Year Maccabee Bonds are not offered in this sales period.
| SABRA BONDS ONE YEAR Eighth Series | PROSPECTUS | Minimum Subscription: $5,000 and increments of $500 max $500,000 per purchaser per rate period |
| BOND | RATE | MATURITY DATE | MATURITY PAYMENT |
| 1-Year | 0.53% | November 01, 2021 | $5026.5 maturity value per $5000 |
- Issued on the 1st and 15th of each month.
- *Maturity value and rate may be rounded.
- 2-Year, 5-Year and 10-Year Sabra Bonds are not offered in this sales period.
| SABRA BONDS THREE YEAR Eighth Series | PROSPECTUS | Minimum Subscription: $1,000 and increments of $100. |
| BOND | RATE | MATURITY DATE | MATURITY PAYMENT |
| 3-Year | 1.11% | November 01, 2023 | $1033.67 maturity value per $1000 |
- Issued on the 1st and 15th of each month.
- *Maturity value and rate may be rounded.
- 2-Year, 5-Year and 10-Year Sabra Bonds are not offered in this sales period.
| MAZEL TOV BONDS Eighth Series | PROSPECTUS | Minimum Subscription: $100 and increments of $10, max $2,500 per purchaser per holder per month. |
| BOND | RATE | MATURITY DATE | MATURITY PAYMENT |
| 5-Year | 1.80% | November 01, 2025 | $109.34 maturity value per $100 |
- Issued on the 1st of the month.
- Maximum allowable amount purchased by one person during each monthly sales period, registered in the name of one holder, is $2,500; interest paid at maturity.
- Maturity value and rate may be rounded.
- 10-Year Mazel Tov Bonds are not offered in this sales period.
| eMITZVAH BONDS Eighth Series | PROSPECTUS | Minimum Subscription: $36 and increments of $18, maximum per day/per holder $90. |
| BOND | RATE | MATURITY DATE | MATURITY PAYMENT |
| 5-Year | 1.80% | November 01, 2025 | $39.36 maturity value per $36 |
- Issued on the 1st of the month.
- May only be purchased online at israelbonds.com
- Maximum allowable amount purchased by one person on any purchase date, registered in the name of one holder, is $90.
- Maturity value and rate may be rounded.
| FLOATING RATE LIBOR FINANCING BONDS Sixteenth Series | PROSPECTUS | Minimum Subscription: $100,000 and increments of $25,000. |
| BOND | RATE | MATURITY DATE | SPREAD |
| 2-Year | 0.9500% | November 01, 2022 | +70bp |
- Issued on the 1st and 15th of each month.
- Initial interest rate is equal to the 6-month LIBOR rate in effect on the initial interest determination date plus or minus the spread listed in basis points. The spread remains fixed until maturity, but the interest rate is adjusted semi-annually after the initial interest period.
- Interest paid every June 1st and December 1st.
- Floating Rate LIBOR Financing Bonds may only be purchased if financed by an Authorized Institutional Lender, as such term is defined in the prospectus supplement.
- For a list of Authorized Institutional Lenders, click the link “Authorized Institutional Lenders” below.
- 3-Year Floating Rate LIBOR Financing Bonds are not offered in this sales period.
| JUBILEE FIXED RATE FINANCING BONDS Eleventh Series * | PROSPECTUS | Minimum Subscription: $100,000 and increments of $25,000. |
| BOND | RATE | MATURITY DATE |
| 2-Year | 1.01% | November 01, 2022 |
- Issued on the 1st and 15th of each month.
- Interest paid every May 1st and November 1st.
- *Jubilee Fixed Rate Financing Bonds may only be purchased if financed by an Authorized Institutional Lender, as such term is defined in the prospectus supplement.
- For a list of Authorized Institutional Lenders, click the link “Authorized Institutional Lenders” on the “Current Investment Rates” page.
- 1-Year, 3-Year, 5-Year ,10-Year and 15-Year Jubilee Fixed Rate Financing Bonds are not offered in this sales period.
“The purchase of another $10 million in Israel bonds, bringing Florida’s investment to a record level, sends a strong statement in support of the significant partnership between Florida and Israel. We are fortunate to have leaders like CFO Patronis who continually seek ways to help create a bright future for Florida through prudent investments in Israel,” said Mark Ruben, Executive Director, Palm Beach County Development Corporation for Israel/Israel Bonds.