Luxembourg drops approval for Israel bonds issue: What that means

Luxembourg is not renewing its authorisation for the issue of Israel bonds since it expired on Monday, leaving Israel with an uncertain future over its ability to borrow via investors in European markets.Last month, Luxembourg’s Finance Minister Gilles Roth told broadcaster RTL that the financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), had decided in May not to renew approval for the bond prospectus beyond its August 31 expiry date.Recommended Stories list of 3 itemslist 1 of 3Spain requests emergency funding from the EU over Ceuta migrantslist 2 of 3Why a Christian group is suing the Dutch government for West Bank trade banlist 3 of 3Billions flow between EU institutions and Israel, despite Gaza genocideend of listA bond prospectus is a legal document that gives investors detailed information about a bond and its issuer before it is launched onto the market. It is produced under the supervision of the financial market within which the bonds are issued – in this case, Luxembourg.Here’s what we know.What are Israel bonds?Israel bonds, issued through the Development Corporation for Israel (DCI), are debt securities by the State of Israel that represent ...