New York developers hit restart button in Israel. But has the game reset?

When Silverstein Properties announced plans to raise roughly $50 million on the Tel Aviv Stock Exchange in early February, many eyebrows were raised. Israeli bonds issued by New York developers and other American companies had been in free fall since November 2018, when Boaz Gilad’s Brookland Capital suspended trading and announced that it would miss an $11 million principal payment due before the new year. Similar disclosures from other firms fueled the uncertainty, and the

source https://therealdeal.com/issues_articles/the-israeli-bond-market-shakeout/