Texas has announced it will double its investment in Israel bonds from about $140 million to $280 million, the largest one-time purchase of these securities in state history. Acting Texas Comptroller Kelly Hancock said this move elevates Texas from the sixth-largest to the second-largest U.S. state investor in Israel bonds.
“Texas proudly stands with Israel,” Hancock stated. “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.”
The state has included Israel bonds in its diversified portfolio since 1994. These fixed-rate securities are issued by the Israeli government and have consistently met principal and interest payments to investors globally.
In addition to the increased investment, the Texas Economic Development & Tourism Office is finalizing plans for a State of Texas Israel Office in Jerusalem. This will be Texas’ first international office in the Middle East and fourth overall, aiming to strengthen trade, innovation, and commercial ties between Texas and Israel. The partnership currently includes nearly $4 billion in annual bilateral trade as well as cooperation on defense, energy, water technology, cybersecurity, and advanced manufacturing.
More information about state investments is available at the Comptroller’s website.
