Photo by Adi Gefen/TPS on 13 June, 2017

Israel Bonds Surpass $3 Billion Milestone Amidst Post-Oct. 7 Surge

Public By Pesach Benson • 30 April, 2024

Jerusalem, 30 April, 2024 (TPS) -- Israel Bonds surpassed $3 billion in global sales in the six months since the Hamas terrorist attacks of October 7th – a sum almost three times the company’s average annual sales volume in recent years, the organization announced on Tuesday.

“Israel’s supporters around the world have sent a clear and powerful message with their investment dollars in the wake of October 7th,” said Israel Bonds President and CEO Dani Naveh. “From the synagogue members buying Bar or Bat Mitzvah Celebration Bonds to State Treasurers making unprecedented purchases, Israel Bonds has seen a surge of investments across every category that we do business.”

The numbers, driven by a combination of retail, institutional, and government purchases, are a telling marker of Israel’s broad international support in the U.S. and around the world, Naveh added.

According to Israel Bonds, more than 35 U.S. state and municipal governments have invested in Israel Bonds for a total of $1.7 billion. With $700 million invested in Israel Bonds, Palm Beach County has become the world’s largest investor in Israel bonds. The Israel Bonds offices around the world have posted record numbers of retail investors, drawn from inside and outside the Jewish community.

The bonds have played a significant role in Israel’s economic development since the establishment of the State of Israel in 1948. Over the years, billions of dollars have been raised through the sale of Israel Bonds.

The bonds typically have maturities ranging from one to thirty years, providing investors with flexibility in terms of investment horizon and risk tolerance. Interest payments on Israel Bonds are usually made semi-annually or annually, depending on the specific bond series.

“Every bondholder is a partner in Israel’s success, helping the Jewish state to navigate the unique challenges of this moment and write the next chapter in its remarkable story,” said Andrew M. Hutter MD, Israel Bonds National and International Chairman of the Board.

Within the first 30 days after October 7, Israel Bonds raised over $1 billion, marking a significant acceleration in investment compared to its typical annual total. For the year 2023, Israel Bonds reached $2.7 billion in worldwide sales.

At least 1,200 people were killed and 240 Israelis and foreigners were taken hostage in Hamas’s attacks on Israeli communities near the Gaza border on October 7. Around 30 of the remaining 133 hostages are believed dead.