SoFFin extended as Germany errs on the side of caution

October 02, 2009 12:00 am

The German government guarantee scheme, Sonderfonds Finanzmarktstabilisierung (SoFFin), has been extended to allow banks to issue guaranteed bonds up to the end of 2010 and in maturities up to the end of 2015. The cost of using the guarantee and the amount allocated to its use — Eu400bn — remains the same.

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