Copperline raises $75M on the Israeli bond market

The Schlesinger family’s Copperline Partners raised $75 million on the Israeli bond market this week.

The bonds, which are backed by the company’s portfolio, are set to mature in 2025 and carry a coupon of 5.1 percent. The Commercial Observer reports that Copperline plans to use part of the money to pay off investors in its first Israeli bond offering, which raised $85 million in October 2015.

Copperline owns properties across New York, Florida and Connecticut.

The Israeli bond market has emerged as a popular source of capital for New York’s developers and real estate investors, as U.S. banks increasingly shy away from projects deemed risky.

Earlier this week, retail mogul Jeff Sutton [TRDataCustom] raised $233 million through bond sales in Israel, as The Real Deal first reported. [CO] — Konrad Putzier