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Report: Jared Kushner’s family firm files to raise $100 million in Israel bonds

While Trump’s senior adviser sold personal stake in Kushner Cos., planned sale could add to ammo of critics who say he has not served as an honest broker of Middle East peace

White House senior adviser Jared Kushner (L) and Prime Minister Benjamin Netanyahu speak at a press conference at the prime minister's Jerusalem residence on December 21, 2020. (Screen capture/YouTube)
White House senior adviser Jared Kushner (L) and Prime Minister Benjamin Netanyahu speak at a press conference at the prime minister's Jerusalem residence on December 21, 2020. (Screen capture/YouTube)

Thee family real estate firm of US President Donald Trump’s senior adviser Jared Kushner filed papers to sell at least $100 million in bonds on the Tel Aviv Stock Exchange, according to a Tuesday report.

Kushner sold his personal stakes in Kushner Cos. in order to join the White House, but the planned sale could raise eyebrows among some who have accused Trump’s son-in-law of overly favoring Israel as he sought to broker a peace agreement between the Jewish state and the Palestinians in addition to normalization agreements between Arab states and Jerusalem.

The deal would mark Kushner Cos.’ entrance into the Israeli bond market, The Wall Street Journal said, pointing out that the firm already owns billions of dollars worth in American properties.

“Kushner is considering the option of issuing bonds on the Tel Aviv Stock Exchange,” a company spokesman told the Journal. “The company has had years of success working with Israeli institutions as both a borrower and a partner.”

Kushner and his father Charles have known Prime Minister Benjamin Netanyahu for decades, and the premier once stayed at their home, sleeping in Jared’s bedroom nearly three decades ago.

This March 29, 2017, photo shows the 666 Fifth Avenue skyscraper, center, controlled by Kushner Cos., in New York. (AP Photo/Richard Drew)

Trump last week pardoned Charles Kushner, who pleaded guilty in 2004 to charges including tax evasion and witness tampering and was sentenced to two years in prison.

The Journal was unable to determine the Kushner Cos.’ plans for the funds, but speculated that the firm would likely be stockpiling cash in anticipation of a wave of low-cost real estate opportunities hitting the market due to the pandemic.

The bond sale is expected to take place during the first quarter of 2021, the report said.

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