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FIGCovered Bonds

ECB discloses extra CBPP details in final report

The Eurosystem bought 10.8% of issuance eligible for the European Central Bank’s covered bond purchase programme (CBPP) during its duration, according to a final monthly report on the programme released yesterday (Thursday). Meanwhile, Jean-Claude Trichet gave an ambiguous answer when asked whether covered bonds could be bought under the Securities Markets Programme.

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