Silverstein tests Tel Aviv’s shaky bond market with $50M raise

With American real estate bonds in meltdown in Israel since November, Silverstein Properties has tested the waters at the Tel Aviv Stock Exchange once again. Larry Silverstein’s firm raised more than $50 million (or 185 Israeli shekels) on Wednesday, Commercial Observer reported. Silverstein’s expansion of its Series-A bond was massively oversubscribed, with $130 million worth of institutional bids coming in for an offer of $51 million, according to CO. The strong showing could be an […]

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