–ECB revises purchase total settled as of May 12
FRANKFURT (MNI) – The European Central Bank said Friday that a
total of E52.312 billion Eurosystem covered bond purchases had settled
as of May 13.
As of May 12, settled acquisitions had totaled E52.266 billion, the
ECB said Thursday. 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$$$]
