February 25, 2018, 7:51 am
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Firms take lion’s share of ECB buys

FRANKFURT- France and Germany have taken the lion’s share of the European Central Bank’s purchases of company bonds, a part of its stimulus program that is likely to gain more prominence in the coming months, ECB data showed on Friday.

Companies in the euro zone’s two largest economies account for a combined 54 percent of the 114.7 billion euros ($134.04 billion) of corporate debt bought by the ECB since June 2016 in a bid to lower borrowing costs and stimulate economic activity, the data showed.

Corporate bonds are expected to take a larger share of the ECB’s purchases next year as its holdings of government debt are likely curbed to avoid hitting legal limits. – Reuters 
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