Aya New York Buys Back Bonds Issued Just Months Ago
Translated & summarized from TheMarker by baba
The story in 4 lines · by baba
- Aya New York is redeeming bonds issued in February.
- The decision follows a dispute with institutional bondholders.
- The company is exiting the capital markets.
- Investors are expected to profit from the redemption.
Real estate company Aya New York, owned by entrepreneur Amir Shiriqi, has decided to redeem bonds it issued on the Tel Aviv Stock Exchange as recently as February. The company, which operates in the income-generating real estate sector in Manhattan, is registered in the British Virgin Islands (BVI) for the purpose of issuing bonds in Israel. Aya New York owns three Manhattan residential rental buildings and two Manhattan hotels.
The decision to conduct an early bond redemption follows a dispute with institutional bondholders. The company has opted to exit the capital markets. Investors are expected to profit from the early redemption.
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