Illinois Treasurer Michael W. Frerichs announced Monday a $10 million investment in Israel bonds. The investment matures in February 2018.

“My investment approach is simple. To focus investments in Illinois when possible, but to ensure that we have a diverse portfolio that mitigates risk,” Frerichs said. “Israel Bonds have a strong record of return and are dependable investments. Israel bonds have never missed payment on principal or interest since the first Israel bonds were issued in 1951.”

The Illinois Treasurer invests money on behalf of the state and its residents. The $27 billion portfolio includes $5 billion on behalf of local and state government units.

The investment approach is conservative to ensure the protection of principal. Funds also are invested in support of community development efforts.

Israel Bonds President and CEO Izzy Tapoohi said, “We are deeply gratified by Treasurer Frerichs investment in Israel bonds. This investment highlights his appreciation for Israel bonds as significant investments for funds calling for the strictest level of fiduciary responsibility. It also underscores his confidence in Israel’s economy, which today is widely recognized as being among the most resilient in the world.”

Capital realized through the sale of Israel bonds has developed every aspect of Israel’s economy. Recognized as a valued economic and strategic resource, Development Corporation for Israel/Israel has secured global sales approaching $40 billion since the first bonds were issued in 1951.