Brooklyn Developer Taps Israeli Market Ending Urbancorp DroughtBy and
Leser Group raising 125 million shekels in retap of 2026 bond
First by North American developer since Urbancorp bankruptcy
Brooklyn developer The Leser Group Ltd. is selling 125 million shekels ($32.5 million) of bonds in Israel, reopening a market that was shut to North American real estate companies after Canadian developer Urbancorp Inc.’s April default rattled investors.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.