Corporate Bond Purchase Scheme: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England Market Notice 4 August 2016: http://www.bankofengland.co.uk/markets/Documents/marketnotice160804apfcbps.pdf) |
imported>Doug Williamson (Add link.) |
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''Bank of England'' | ''Bank of England''. | ||
(CBPS). | (CBPS). | ||
A scheme for Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility. | A scheme for the Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility. | ||
| Line 11: | Line 11: | ||
Bonds issued by banks, building societies and insurance companies are not eligible. | Bonds issued by banks, building societies and insurance companies are not eligible. | ||
The CBPS was launched in 2016. | |||
== See also == | == See also == | ||
* [[Asset Purchase Facility]] | * [[Asset Purchase Facility]] | ||
* [[Bank of England]] | |||
* [[BEAPFF]] | * [[BEAPFF]] | ||
* [[Bond]] | * [[Bond]] | ||
* [[Issuance]] | * [[Issuance]] | ||
* [[Yield]] | * [[Yield]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 11:48, 11 October 2022
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.
