Economy · Full coverage
Kohan Properties' Owner Misuses Bond Proceeds for Personal Loans, Triggering Investor Concerns
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Globes · Jul 10, 2026
What happened
Kohan Properties’ controlling shareholder misused $9.6 million of bond proceeds for personal loan repayments, sparking a 17% bond price drop and investor distrust. The company is investigating and has confirmed the funds were returned. This follows a similar recent scandal involving another BVI company, Simed.
- 01Kohan Properties’ bonds fell 17%, yields rose to 14% amid repayment concerns.
- 02Owner Mike Kohan used $9.6 million of bond proceeds for personal loan repayments.
- 03Funds were reportedly returned; company is reviewing related transactions.
- 04Loan and repayment details were not disclosed in quarterly reports or prospectus.
- 05Kohan Properties contracted Uri Eisenberg’s firm for $1.87 million in consulting.
- 06This is the second recent BVI bond issuer scandal involving misuse of proceeds.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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