Bank of England Commercial Paper Facility Announcement

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

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Commercial Paper Facility                           28-Oct            27-Oct
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Date of operation                               10/28/2011        10/27/2011
Time for submission of bids              10:00am - 11:00pm 10:00am - 11:00pm
3-month reference rate                               0.54%             0.53%
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                                  11/1/2011        10/31/2011
Minimum offer amount                               Stg 1mn           Stg 1mn
Multiples of                                     Stg 0.1mn         Stg 0.1mn

Page forward for Secured Commercial Paper Facility
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Secured Commercial Paper Facility                   28-Oct            27-Oct
===============================================================================
Date of operation                               10/28/2011        10/27/2011
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%             0.52%
3-month reference rate                               0.54%             0.53%
6-month reference rate                               0.53%             0.52%
9-month reference rate                               0.52%             0.52%
Spread over reference rate                          100bps            100bps
Additional fee for secondary facility                25bps             25bps
Settlement Date                                  11/1/2011        10/31/2011
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: Mark Evansin London at mevans8@bloomberg.net

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

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