Monday 24 December 2018

US real estate firms flocked to Israel in search of cheap debt. Now the market’s turning.

After weeks of declines, defaults, and troubling disclosures, bonds issued by American real estate firms in Israeli are falling at unprecedented rates. Over the weekend, the Tel Bond Global, an index which tracks bonds issued by American real estate companies, fell four percent, closing with an average yield in the double-digits Sunday, and falling a further two points on Monday. Some of the bonds from New York-based companies, including Extell Development, Delshah Capital and GFI […]



source https://therealdeal.com/2018/12/24/us-real-estate-firms-flocked-to-israel-in-search-of-cheap-debt-now-the-markets-turning/

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