JAKARTA - The Central Bank of Ireland will no longer approve Israeli bonds from Monday. The decision follows growing pressure on the Central Bank of the opposition and activists against approving the prospectus (information document) for Israeli bonds.
Irish media RTE reports that the prospectus for the latest bond issued by Israel for fundraising in the European Union is now approved by Luxembourg, no longer the Central Bank of Ireland.
According to the report, Central Bank Governor Gabriel Makhlouf also confirmed the move in a letter to Mairead Farrell, chairman of the Oireachtas Finance Committee, on Monday, September 1.
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The letter was the final authorization of the prospectus by the Central Bank of Ireland which ended on Monday.
Bond documentation is usually approved by the UK for the European Union as a whole, but Israel later switched to Ireland after Brexit.
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