FRANKFURT (MNI) – The European Central Bank on Tuesday called for
bids on its 98-day longer term refinancing operation.
The central bank will meet all bids and link borrowing cost to the
average minimum bid rates over the life of this operation.
Bids for the operation are due by 08:30 GMT on Wednesday. The
allocation will be announced shortly thereafter.
The new refis will settle on Thursday 23 and will expire on March
31, 2011.
–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com
[TOPICS: M$X$$$,M$$EC$]
