Bank of England moots corporate bond sales
The Bank of England on Thursday announced plans to extend its asset purchase facility to allow for corporate bond sales.
The aim of the scheme was, the Bank said, "to help reduce liquidity premia on corporate bonds, and so remove obstacles to corporate access to capital markets." The move follows calls from market participants for the Bank to involve itself in the sell side as investors' demand for corporate debt rises.
The asset purchase facility is the operation devoted to the quantitative
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