Kushner Cos., The family business of White House senior assistant Jared Kushner, filed papers to raise at least $ 100 million by selling bonds in Israel.
The deal would be Kushner Cos. First capital increase in Israeli bond market, as well as largest unsecured capital increase by the family-owned company that owns billions of dollars in apartments, office buildings and other US commercial real estate
Kushner Cos. Filed the papers with the Israel Securities Authority this month and would sell the bonds on the Tel Aviv Stock Exchange. The company has raised other forms of capital in Israel from both banks and equity partners in the past.
“Kushner is considering the possibility of issuing bonds on the Tel Aviv stock exchange,” said a company spokesman. “The company has enjoyed many years of success working with Israeli institutions both as a borrower and as a partner.”
Israel’s bond market has become a growing source of capital for US real estate companies, including Extell Development, Silverstein Properties Inc. and Starwood Capital Group.