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ECB: Monthly Report On Covered Bond Purchase Program

January 08, 2010 | "IMarketNews.com"

FRANKFURT (MNI) - Following is a text from the European Central Bank's monthly report on its covered bond purchase program released Thursday:

On 6 July 2009 the Eurosystem, which comprises the European Central Bank and the 16 national central banks of the euro area, commenced with the implementation of the covered bond purchase programme, under which it intended to purchase eligible covered bonds, with a targeted nominal amount of E60 billion.

In the period from 6 July 2009 to 31 July 2009, the Eurosystem

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