Unless Israel asks for transfer, bonds will default to Ireland – as bank cannot ask them to apply elsewhere
Central Bank governor Gabriel Makhlouf. Photo: Steve Humphreys
Ireland remains the “home” EU member state for approval of Israeli bonds of less than €1,000 in the European Union – and this will never change, the Central Bank has confirmed.
Central bank governor Gabriel Makhlouf yesterday told the Oireachtas Finance Committee that while responsibility for the bonds has moved to Luxembourg for this year, Israel must return to Ireland in 2026 to either seek approval for a new prospectus or to apply for a transfer to another country.
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