Bank of England Commercial Paper Facility Announcement

Following is a summary of the commercial paper facility announcement from the Bank of England in London:

===============================================================================
Commercial Paper Facility                           23-Sep            22-Sep
===============================================================================
Date of operation                                9/23/2011         9/22/2011
Time for submission of bids              10:00am - 11:00pm 10:00am - 11:00pm
3-month reference rate                               0.51%             0.50%
Spread over reference rate by credit rating:
A1/P1/F1 and above                                   75bps             75bps
A2/P2/F2                                            125bps            125bps
A3/P3/F3                                            300bps            300bps
Additional fee for secondary facility                25bps             25bps
Settlement Date                                  9/27/2011         9/26/2011
Minimum offer amount                               Stg 1mn           Stg 1mn
Multiples of                                     Stg 0.1mn         Stg 0.1mn

Page forward for Secured Commercial Paper Facility
===============================================================================
Secured Commercial Paper Facility                   23-Sep            22-Sep
===============================================================================
Date of operation                                9/23/2011         9/22/2011
Time for submission of offers            10:00am - 11:00pm 10:00am - 11:00pm
1-week  reference rate                               0.54%             0.54%
1-month reference rate                               0.53%             0.52%
3-month reference rate                               0.51%             0.50%
6-month reference rate                               0.47%             0.47%
9-month reference rate                               0.45%             0.46%
Spread over reference rate                          100bps            100bps
Additional fee for secondary facility                25bps             25bps
Settlement Date                                  9/27/2011         9/26/2011
Minimum offer amount                               Stg 1mn           Stg 1mn
Multiples of                                     Stg 0.1mn         Stg 0.1mn
===============================================================================

SOURCE: Bank of England                 

To contact the reporter on this story: Barbara Sladkowska in Warsaw at bsladkowska@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.