ECB buys €481 million of Cypriot bonds as part of PEPP

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ECB buys €481 million of Cypriot bonds as part...
 © In-Cyprus 2020
 

The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 million as part of the €750 billion Pandemic Emergency Purchase Programme (PEPP) launched as a response to the coronavirus outbreak.

The new purchases by the ECB, coupled with the bonds acquired in the context of the Public Securities Purchase Programme (PSPP) bring the total Cypriot eligible debt held by the ECB to approximately €3 billion.

According to the data published by the ECB, monthly purchases of Cypriot bonds for the period of March – May amounted to €481 million with the...


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This article was automatically added to our system 3-6-2020

ECB buys €481 million of Cypriot bonds as part of PEPP


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: million, cypriot, bonds,