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 · 3 hours ago
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.
Related stories
Simed bonds put into immediate repayment as new hidden loans emergeJun 15, 2026Satellite Properties Bond Sale Draws Alarm as Losses Mount and Debt Costs RiseJun 15, 2026Bondholders Force $1 Billion Debt Restructuring on Pacific Oak BVI CompanyJun 11, 2026First class action filed in Simed bond scandal, trustee accused of severe negligenceJun 18, 2026After Criminal Conviction and Debt Troubles, Real Estate Developer Seeks Bond OfferingJun 10, 2026Summer Camp Kings’ Debt Scandal Shocks Tel Aviv Investors After Simad Holdings Collapse5 days ago