Old Lady to begin buying commercial paper mid-Feb

The Bank of England's commercial paper facility will become operational on 19 February, the Bank said on Friday.

The Bank said its scheme to buy corporate bonds would launch "as soon as possible".

The commercial paper facility will initially buy sterling-denominated assets, though the Bank said it would "keep under review whether to propose any extension of the list of currencies in the future."

Assets must have a credit rating of at least A-3/ P-3/ F-3 from at least one of the big three ratings

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.