ECB Calls For Bids In 84-Day Tender At Fixed Rate

FRANKFURT (MNI) – The European Central Bank called Tuesday for bids
on its 84-day refinancing agreements at a rate to be fixed at the
average rate of the main refinancing operation over the life of the
LTRO.

Bids for the refis are due by 0730 GMT on Wednesday. The central
bank did not give a preset amount for this operation.

The three-month refis will settle this Thursday and expire on
December 22, 2011.

— Frankfurt bureau: +49-69-720-142; email: frankfurt@marketnews.com —

[TOPICS: M$$CR$,M$X$$$,M$XDS$,M$$EC$]