A significant increase in the purchase of Israel Bonds from the United States has occurred.

• Since Hamas' attack, $1 billion dollars worth of Israeli bonds have been bought in the US.
• States, cities and small investors are behind the spike in sales.
• Israel Bond CEO Dani Naveh stated that our security and economy will be strengthened.

Since the Oct. 7 attack by Hamas that killed at least 1,400 Israelis and took another 240 as hostages, the Development Corporation for Israel has raised $1 billion from bond sales in the United States.

In the aftermath of the attack, the Ministry of Finance issued new bonds, raising a record $1 billion in the last four weeks, surpassing the previous record for Israeli Bonds purchases in a short period.

The majority of the funds were obtained from 15 state and municipal bond funds, along with a few banks. The primary purchasers were state governments in Florida, New York, Alabama, Arizona, Ohio, Illinois, Texas, Georgia, Oklahoma, Nevada, Louisiana, South Carolina, Indiana, and Pennsylvania.

In the past four weeks, Israel Bonds were purchased by three counties in the United States: Broward and Palm Beach in Florida, and Franklin in Ohio.

Two banks, Cross River Bank of New Jersey and Key Bank of Cleveland, made significant purchases of $15 million in bonds. A spokesperson for the bank stated that the transaction was part of a "more than 35-year relationship with Israel Bonds."

In the past month, $250 million of the total funds raised was contributed by individual investors, both large and small, across the United States, who bought the bonds directly.

According to Dani Naveh, President and CEO of Israel Bonds, the support from local and state governments and investors, both large and small, is a clear expression of confidence in the Israeli economy's strength and stability.

From the air, sea, and ground, Israel has been attacking Gaza, the home base of Hamas, since the fighting started. According to the Gaza Ministry of Health, more than 10,000 people have been killed during Israel's retaliation.

The ongoing bombardment of Israel by Israel has led to an increase in the death toll in Gaza, resulting in protests breaking out worldwide, including in the United States.

Israel Bonds CEO Naveh resides in Savyon, a town east of Tel Aviv. He disclosed to CNBC that a missile from Gaza destroyed one of his neighbors' homes this week.

Naveh stated that the importance of his mission to raise funds for rebuilding communities that have been destroyed is highlighted by this situation.

Despite the war, Israel's Development Corporation has surpassed its sales goal of $2 billion by the end of September.

After the war began, New York State purchased $20 million in Israel Bonds, increasing its portfolio to $267 million dollars.

The New York State Comptroller, Thomas DiNapoli, stated that the state's pension fund invests in Israeli bonds due to the confidence in the Israeli people's innovative spirit, tenacity, and the strength of the investments in the region.

The majority of the funds collected will be used to reconstruct communities in the southern part of the country that were devastated by Hamas and other terrorist groups who entered from Gaza on October 7th. Additionally, the money will assist the Israeli government in reimbursing expenses incurred by hospitals treating the injured throughout Israel, as stated by the organization.

Naveh stated that Israel's economy has faced war before, but historically it has always recovered, and after the defeat of Hamas, both our security and economy will be stronger.

Israel Bonds have been sold by the Development Corporation for Israel since its founding in 1948, with over $50 billion worth of bonds sold since then.