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CFO Jimmy Patronis: Florida Treasury to Purchase $25 Million in Israel Bonds

10/11/2023

~ Bond Purchase to Aid Israel’s War Against the Terrorist Factions of Hamas ~

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Treasury will invest an additional $25 million in Israel bonds. The announcement comes following terrorist attacks in Israel this week and further highlights and strengthens the relationship between Florida and Israel. This bond purchase brings Florida’s total current investment in Israel bonds to $80 million, the largest total ever held at one time by the State of Florida. Under CFO Patronis’ direction since 2017, the Florida Treasury has now purchased $190 million in Israel bonds to diversify the state’s investment portfolio as part of a long-range investment strategy and has generated approximately $6.4 million in interest from these investments.

CFO Jimmy Patronis said, “Florida and Israel have deep economic and personal ties, and our state unequivocally stands with Israel following the heinous Iran-backed terrorist attacks this week. We made a commitment to support Israel both morally and monetarily, and that's why I’m proud to announce that Florida will invest an additional $25 million in Israel bonds to further support our ally in the Middle East. This historic investment increases our state’s Israel bond portfolio to more than $80 million and not only provides Florida with a strong investment but also further fortifies Florida’s commitment to stand with and support Israel. To the people of Israel, Israeli Americans, and Jewish Floridians across our state, Florida is proud to stand with you. I encourage other state treasurers across our country to support Israel by purchasing Israel bonds today.”

Israel Bonds Executive Director Mark Ruben said, “Following the tragic and unprecedented terrorist attacks this week, Israel needs the support of our allies more than ever. This bond purchase is a testament to the deep relationship between our two lands and people. Thank you to CFO Patronis and Floridians statewide for your continued dedication to strengthening the Israel/Florida relationship.”

For 72 years, Development Corporation for Israel/Israel Bonds has generated $49 billion worldwide, across all Bonds affiliates, in financial support for the building and development of every sector of Israel’s economy. Israel bonds are a smart investment, with strong rates, and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide. For more information, visit www.israelbonds.com.

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About CFO Jimmy Patronis  
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).

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