(The Center Square) – Illinois State Treasurer Michael Frerichs says his office bought $50 million in Republic of Poland Bonds to diversify the state’s portfolio and achieve stable returns from a strong investment.
Frerichs said in a statement that the two purchases for $25 million each outpace a U.S. Treasury note by about 46 basis points.
The treasurer’s office also announced a five-year renewal of $10 million in Israel Bonds at an interest rate of 6.17%, outpacing the U.S. Treasury note by about 124 basis points.
Alleged cocaine trafficker extradited to Illinois
A man who allegedly trafficked cocaine in Chicago has been arrested in Argentina and extradited to the United States to face federal drug conspiracy charges in the Northern District of Illinois.
Prosecutors said Rodolfo Aguirre, 38, was originally arrested in Chicago in December 2016 after he was accused of conspiring to sell about 7,000 grams of cocaine in the city’s Uptown neighborhood.
Aguirre was released on bond but failed to appear in federal court ahead of his scheduled trial in 2017.
Springfield Diocese considers classical high school
The Diocese of Springfield is exploring the possibility of opening a classical Catholic high school at the former Cathedral School building in the capital city’s downtown area.
The proposed Fulton Sheen Academy would offer a Catholic liberal arts education rooted in the intellectual tradition of the Church.
The diocese said it is taking steps to determine whether there is sufficient interest, and families who would like to receive updates can submit their contact information.
