Baltic central banks aim for joint commercial paper market
Estonian, Latvian and Lithuanian central banks to work with EBRD on creating short-term debt market
The three Baltic nations’ central banks will work with the European Bank for Reconstruction and Development to create a common short-term corporate debt market.
The central banks of Estonia, Latvia and Lithuania have signed a memorandum of understanding with the EBRD, they announced on November 5. The MoU said they hoped the development of a common “commercial paper” market would provide local companies with an alternative to short-term bank financing.
Baltic corporations lacked short-term
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