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ECB Keeps Up Corporate-Bond Buying Pace Even as Issues Slow

  • Central bank purchases 1.9 billion euros of company debt
  • New-bond sales cool as U.K. referendum roils markets
An illuminated euro currency symbol is projected on to the European Central Bank (ECB) headquarters during a rehearsal for the Luminale light festival in Frankfurt, Germany, on Saturday, March 12, 2016. The Luminale 2016 light festival is scheduled to begin on March 13 and runs through March 18.
Photographer: Martin Leissl/Bloomberg
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The European Central Bank bought 1.9 billion euros ($2.2 billion) of company bonds in its first full week of purchases, as Mario Draghi expanded efforts to boost the region’s flagging economy.

The bank’s holdings of company debt climbed to 2.25 billion euros on June 17 from 348 million euros a week earlier, based on data reported on its website on Monday. The ECB started acquiring investment-grade corporate bonds on June 8, and first-day purchases surpassed analysts’ expectations.