The Treasury Department of the State of Illinois renewed an investment of 10 million dollars in Israeli bonds for another five years, and guaranteed an annual interest rate of 6.17%, the highest yield on these bonds in 25 years.
State Treasurer Michael Perriches said the investment is expected to yield about $620,000 more than similar five-year U.S. Treasury securities, offering a higher interest rate of 1.24 percentage points. According to the data of the Ministry of Finance, Illinois currently holds Israeli bonds of 90 million dollars.