Tel Aviv Stock Exchange sees first U.S. real estate debut since last year’s crash
Investors on the Israeli stock exchange appeared to sour on U.S. real estate companies last year, after several firms saw their bond values collapse amid troubling disclosures. But a recent offering shows Tel Aviv might still have some appetite left for American bonds. Dallas-based Westdale Asset Management debuted on the Tel Aviv Stock Exchange last week with a $140 million (or 500 million shekel) bond offer, raised with an interest rate of 4.8 percent, CommercialObserver reported. This made Westdale the first new entrant to the bond market since last year’s crash.