FRANKFURT (MNI) – The European Central Bank said Monday that a
total of E43.549 billion Eurosystem covered bond purchases had settled
as of March 28.
As of March 25, settled acquisitions had totaled E43.469 billion,
the ECB said Friday. The ECB plans to buy a total of around E60 billion
covered bonds by the end of June 2010 at the latest.
The program is aimed at revitalizing a market segment that has been
exceptionally hard hit by the financial turmoil.
–Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com
[TOPICS: MT$$$$,M$$EC$,M$$FI$,M$X$$$,MGX$$$]
