“This expanded investment reinforces our long-standing relationship and shared commitment to faith, freedom and economic opportunity."
Texas Insider Report: AUSTIN, Texas – Acting Texas Comptroller Kelly Hancock today announced that Texas will double its investment in Israel bonds from approximately $140 million to $280 million, marking the largest one-time investment in Israel bonds in Texas history and elevating the state from the sixth-largest to the second-largest U.S. state investor in these securities.
“Texas proudly stands with Israel,” Hancock said. “This expanded investment reinforces our long-standing relationship and shared commitment to faith, freedom and economic opportunity. Texas and Israel have built a partnership that stretches beyond finance, and this step reflects both our solidarity and our belief in what we can accomplish together.”
Texas has invested in Israel bonds since 1994 as part of a diversified portfolio strategy. The bonds are fixed-rate securities issued by the government of Israel and have maintained a consistent record of principal and interest payments to investors worldwide.
The Texas Economic Development & Tourism Office in the Governor's office is preparing to finalize the establishment of a State of Texas Israel Office in Jerusalem, Texas’ first international office in the Middle East and fourth overall, designed to deepen trade, innovation, and commercial ties between the two economies. The move is seen as a strategic extension of an already robust partnership, with bilateral trade approaching $4 billion annually and collaboration spanning defense, energy, water technology, cybersecurity and advanced manufacturing.
For more information about state investments and the Texas Treasury Safekeeping Trust Company, visit the Comptroller’s website.
