Kushner Companies files to raise USD 100m in bonds on TASE
Jared Kushner’s family firm Kushner Companies has filed to raise USD 100 million in bonds on the Tel Aviv Stock Exchange (TASE), reports The Wall Street Journal. Kushner Companies has confirmed the plans, which could reportedly take place in the first quarter of 2021.
The deal would be the company’s first capital raise on the Israeli bond market, as well as the largest unsecured capital raise by the family-controlled business that owns billions of dollars of apartments, office buildings and other commercial property in the U.S., especially in New York, New Jersey, Virginia and Ohio.
According to the report, republished in Globes, Kushner Companies have previously raised capital in Israel including loans from Bank Leumi, Bank Hapoalim, as well as equity investments from Psagot Investment House and Harel Insurance Investments and Financial Services Ltd.
