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US property firms jump into Tel Aviv debt issues boom

They are lured by attractive borrowing costs, high demand

Published Sun, Nov 30, 2014 · 09:50 PM
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Tel Aviv

US real estate developers are joining the largest wave of local debt issuance on the Tel Aviv Stock Exchange (Tase) bond trading platform since 2007, capitalising on yield-starved investors to obtain financing.

Companies have sold US$14.6 billion of bonds this year through Nov 20, up from US$8.7 billion in the same period of 2013, according to bourse data. New York real estate firms, including Extell Development Co and Zarasai Group, have joined the boom, issuing a…

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