The return of American firms to the Israeli bond market has run into a hiccup. Joel Gluck’s Spencer Equity, the second of three New York-based developers to announce plans earlier this month for new bond offerings in Tel Aviv, has reversed course amid investor concerns surrounding the Williamsburg property that would secure the bonds. Spencer Equity tried to put a positive spin on the news. “The company is honored to announce that in light of
source https://therealdeal.com/2019/09/26/joel-glucks-israeli-bond-issuance-falls-through-as-williamsburg-rental-project-faces-financing-crunch/
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