(Corrects date of price in second paragraph.)
Delek Real Estate Ltd. (DLKR) bonds and shares surged after billionaire Isaac Tshuva’s property company announced a debt reorganization proposal.
The price on the company’s 4.8 percent bond due February 2019 surged 16 percent to 36.90 agorot on the shekel at 1:38 p.m. in Tel Aviv. The rate climbed from this year’s low of 26.03 agorot on Sept. 12. The stock jumped 25 percent, poised for the biggest gain since Aug. 14, to 0.236 shekel.
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