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MNI BRIEF: BOE, UK Treasury Confirm CCFF to End Mar 2021

LONDON (MNI)

The Bank of England and the UK Treasury said Tuesday that despite continued uncertainty from the Covid-19 pandemic on the economy, the Covid Corporate Financing Facility (CCFF) will close for new purchases with effect from Mrch 23, 2021.

This means that the Facility will make no purchases of CP after 22 March 2021, the BOE/Treasury said. The CCFF will also close to new applications from counterparties and issuers looking to become eligible on 31 December 2020.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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