Kushner Cos., White House supporter senior family businessman Jared Kushner, submitted papers to raise at least $ 100 million by selling bonds in Israel.
It would be Kushner Cos. ‘the first capital increase in the Israeli bond market, as well as the largest unsecured capital increase by the family-controlled multi-billion dollar family-owned property, office buildings and other commercial property in the US
Kushner put Cos. The papers this month were with the Israeli Security Authority and sold the bonds on the Tel Aviv stock exchange. The company has built other types of capital in Israel in the past from both banks and equity partners.
“Kushner is considering the option to issue bonds on the Tel Aviv stock exchange,” a company spokesman said. “The company has had many successful years working with Israeli institutions as both a lender and a partner. ”
The Israeli bond market has grown into a growing source of capital for U.S. real estate companies, including Extell Development, Silverstein Properties Inc. and Starwood Capital Group.