News Summary

• Luxembourg is not renewing its authorisation for the issue of Israel Bonds since it expired on Monday.
• This leaves Israel with an uncertain future over its ability to borrow via investors in European markets.
• Since 1951, the Development Corporation for Israel has raised billions of dollars via bonds in the US financial market – about $2.5bn a year.
• Focus on the number of Israeli bonds held by countries in the EU has intensified as Israeli attacks in Lebanon, Gaza and the occupied West Bank continue.