Bank of England Commercial Paper Facility Announcement
By Barbara Sladkowska -
2011-10-07T09:00:43Z
Following is a summary of the commercial paper facility announcement from the Bank of England in London:
=============================================================================== Commercial Paper Facility 7-Oct 6-Oct =============================================================================== Date of operation 10/7/2011 10/6/2011 Time for submission of bids 10:00am - 11:00pm 10:00am - 11:00pm 3-month reference rate 0.53% 0.52% 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 10/11/2011 10/10/2011 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 7-Oct 6-Oct =============================================================================== Date of operation 10/7/2011 10/6/2011 Time for submission of offers 10:00am - 11:00pm 10:00am - 11:00pm 1-week reference rate 0.53% 0.53% 1-month reference rate 0.53% 0.53% 3-month reference rate 0.53% 0.52% 6-month reference rate 0.50% 0.48% 9-month reference rate 0.51% 0.48% Spread over reference rate 100bps 100bps Additional fee for secondary facility 25bps 25bps Settlement Date 10/11/2011 10/10/2011 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
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