FRANKFURT (MNI) – The European Central Bank said Wednesday that a
total of E50.772 billion Eurosystem covered bond purchases had settled
as of May 4.
As of May 3, settled acquisitions had totaled E50.673 billion, the
ECB said Tuesday. 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
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