When David and Michael Shabsels turned to Israel to raise $200 million in debt, it felt like a throwback to a previous era. New York City developers such as Silverstein, Extell and the Moinian Group raised money in the land of milk and honey about a decade ago, entranced by lower rates and the ability to secure corporate debt as privately held companies. But after a series of high-profile defaults in the early 2020s, American developers retreated. While they were gone, the Israel Securities Authority, the regulatory agency, worked to strengthen its oversight of foreign issuers without direct ties to […]

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