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Israel faces fresh hurdle for EU bond sales after Luxembourg

Luxembourg has declined to renew authorisation for a prospectus used by Israel to market government bonds in the European Union, creating a new obstacle for the country’s access to European capital markets as criticism of its genocidal war on Gaza continues to grow. The approval, which expired at the end of August, had been granted by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). It enabled Israel to use a Luxembourg-approved prospectus in offering bonds to investors elsewhere in the EU. [...]