Danny Ayalon

Following a cold reception from institutional investors, the American real estate company Eagle Properties has cancelled its 500 million shekel bond issuance. The move leaves the offering's advisors and underwriters, including former Israeli Ambassador to the US Danny Ayalon, without their projected 10 million shekel fees.

Amid the fallout from the BVI company scandals involving Simed and Cohen, American real estate firm Eagle Properties is entering the Israeli market with a 500 million shekel bond issuance. The company is implementing voluntary protective mechanisms, raising questions about why such measures are not mandatory regulatory requirements.