Berko & Associates’ Joe Berko, along with a prominent Israeli Underwriter, completed an unsecured bond raise for a $680 Million, 49 asset retail portfolio resulting in a $115 Million bond raise at a fixed interest rate of 5.7% on the Tel Aviv Stock Exchange for a Boston-based retail developer. Israeli institutional demand for the offering was overwhelming, more than doubling the initial targeted raise of $80m with more than $180m. This demand for investment-grade issuances has been commonplace for Institutional and retail investors in Israel as many recent issuances have been met with high level of demand. The issuer’s portfolio was comprised of 49 assets across 12 states primarily located in tertiary markets.