FRANKFURT (MNI) – The European Central Bank said Friday that a
total of E59.549 billion Eurosystem covered bond purchases had settled
as of June 24.
As of June 23, settled acquisitions had totaled E59.398 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
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