FRANKFURT (MNI) – The European Central Bank said Thursday that a
total of E54.348 billion Eurosystem covered bond purchases had settled
as of May 26.
As of May 25, settled acquisitions had totaled E54.024 billion, the
ECB said Wednesday. 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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