White House tall family property company counselor Jared Kushner plans to raise money on the Israeli debt market.
Rinn Kushner Cos. Official file to sell bonds through Tel Aviv Stock Exchange and a deal could come in the coming months, according to a person familiar with the case who asked not to be identified as they do not have the authority to discuss it publicly. The company wants to raise at least $ 100 million from the sale of the debt, the first in Israel, according to the Wall Street Journal, which they reported on the news earlier.
“Kushner is considering the option of issuing bonds on the Tel Aviv stock exchange,” said a spokesman for Kushner Cos. By email. “The company has had many successful years working with Israeli institutions as both a lender and a partner. ”
The news comes a week after Kushner – who handles Mideast policy for father-in-law, U.S. President Donald Trump – is in Israel on a diplomatic mission. During his time in the White House, Kushner has traveled extensively in the Mideast as he helped to melt ties in relations between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco.
Tha Kushner Cos. Operated by Israeli financial companies, including Hapoalim Bank and Leumi Bank, according to the company website.
There have been foreign real estate companies prominent lenders on Israeli corporate bond exchanges, including U.S. companies that do not have easy access to capital in their home market.
Read more: Kushner Cos spent Trump’s years destroying Scion’s costly promises