Brooklyn developer Leser Group taps Israeli market for 125m shekel bond issue
New York
BROOKLYN developer The Leser Group Ltd is selling 125 million shekels (S$44.1 million) of bonds in Israel, reopening a market that was shut to North American real estate companies after Canadian developer Urbancorp Inc's April default rattled investors.
The new issue, a retap of Leser's 6.9 per cent bonds due in May 2026, will yield 6.6 per cent, according to Poalim IBI Management & Underwriting Ltd, the lead manager on the deal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot