Israel has raised $1 billion dollars from U.S. bond sales since the October 7 Hamas terrorist attack
US states, cities and small investors are behind the spike in sales.The Development Corporation for Israel has raised $1 billion from bond sales in the United States since the Oct. 7 attack by Hamas that killed at least 1,400 Israelis and took another 240 as hostages.
Two counties in Florida, Broward and Palm Beach, also bought Israel Bonds in the last four weeks, as did Ohio's Franklin County. "It is a clear expression of support from local and state governments and from investors large and small" said Dani Naveh, President and CEO of Israel Bonds, in a zoom interview with CNBC. "It is also a show of confidence in the Israeli economy, which is strong and stable."A man stands atop rubble as he surveys the damage after a rocket launched overnight from the Gaza Strip hit a residential building in Petah Tikva, Israel May 13, 2021.
"To me this emphasizes the importance of my mission to raise money to make sure that when we can, we can rebuild communities that have been destroyed," said Naveh.Before the war The Development Corporate for Israel had already matched its sales goal for 2023 of one billion dollars by the end of September. But the surge in the days and weeks after the war has doubled the 2023 goal, total sales have now eclipsed the $2 billion mark.
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