COVID19: EU recovery fund buys €481 mln Cyprus bonds

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COVID19: EU recovery fund buys €481 mln Cyprus...
 © FinancialMirror 2020
The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 mln as part of the €750 bln Pandemic Emergency Purchase Programme (PEPP) launched as a response to the coronavirus outbreak.

The ECB’s new purchase, 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 bln.

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


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

COVID19: EU recovery fund buys €481 mln Cyprus bonds


The contents of this article including any associated images are © FinancialMirror 2020
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Article Tags: covid19, recovery, cyprus, bonds,