Difference between revisions of "Corporate Bond Purchase Scheme"

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(Create the page. Source: Bank of England Market Notice 4 August 2016: http://www.bankofengland.co.uk/markets/Documents/marketnotice160804apfcbps.pdf)
 
(Remove reference to trail period. Source: https://www.bankofengland.co.uk/markets/market-notices/2019/apf-corporate-bond-purchase-scheme-reinvestment-programme-august-2019)
 
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(CBPS).
 
(CBPS).
  
A scheme for Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility.
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A scheme for the Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility.
  
  
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Bonds issued by banks, building societies and insurance companies are not eligible.
 
Bonds issued by banks, building societies and insurance companies are not eligible.
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The CBPS was launched in 2016.
  
  

Latest revision as of 17:02, 19 February 2020

Bank of England

(CBPS).

A scheme for the Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility.


The purposes of the CBPS include providing monetary stimulus by lowering the yields on corporate bonds, thereby reducing the cost of borrowing for companies; and by stimulating new issuance of corporate bonds.

Bonds eligible for the scheme include ones issued by non-financial businesses which make a 'material contribution to economic activity in the UK'.

Bonds issued by banks, building societies and insurance companies are not eligible.


The CBPS was launched in 2016.


See also