Luxembourg ends role approving Israeli bond prospectus for European markets by Necva Taştan Sevinç

Luxembourg has decided not to renew its authorization of Israeli state bonds, ending its role in approving the bonds for access to investors across European markets, local media reported Tuesday.

… Israel must now seek approval of its bond prospectus from another EU member state to continue offering the bonds across European markets.

Responsibility could revert to the Central Bank of Ireland, which had been designated Israel’s “home” state for the bonds after the UK left the EU, according to Irish public broadcaster RTE.

The Irish central bank has declined to say whether it has resumed the role or received a new application from Israel.

… Sinn Fein lawmaker Mairead Farrell called on the bank to clarify whether Israel had submitted a request to renew the prospectus and whether it had been accepted… “We should have nothing to do with the funding of the genocide in Gaza,” she added.

… Ireland’s Finance Ministry said it had raised the issue with the European Commission and sought a possible revision of the bloc’s Prospectus Regulation.