Illinois State Treasurer Frerichs Celebrates Pulaski Day Announcing First-Ever Purchase Of $15 Million in Republic of Poland Bonds
CHICAGO - Illinois State Treasurer Michael Frerichs marked Casimir Pulaski Day by announcing his office has purchased $15 million in Republic of Poland Bonds. It is the first time the Illinois State Treasurer’s Office has invested in the Republic of Poland. “Chicago and the suburbs are home to one of the biggest Polish populations in the world. Our state also has strong ties to Poland through trade, culture, a National Guard partnership, and sister cities relationships,” Frerichs said in making the announcement at the Polish Museum of America Casimir Pulaski Day event in Chicago. “Republic of Poland Bonds provide stable returns and are a strong investment for Illinois.” Treasurer Frerichs bought Republic of Poland Bonds to diversify the state’s portfolio and achieve stable returns from a strong investment. The bonds will mature in four years with an interest rate of 4.625% and a current yield of 4.831%. This outpaces the four-year U.S. Treasury
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