frankfurt (reuters) – france and germany were the most represented in purchases by the european central bank (ecb) of bonds issued by enterprises that are likely to gain importance in its programme of quantitative easing (qe) next year.
the ecb would further the types of obligations in order to avoid meeting the legal limits set to buy sovereign debt.
german and french companies accounted for 54% of the total 114.7 billion euros of debt bought by the ecb in june in 2016, according to data from the institute of broadcast and published on friday.
these indicate that the ecb is in its intention to repurchase obligations as a percentage of the outstanding debt of the euro zone companies are recorded as investment category and which are not banks.
france, which accounted for 31% of the total enterprises eligible bonds, is slightly under represented 29% of purchases by the ecb, as well as italy and spain, and the netherlands are slightly over represented.
companies specializing in community services and infrastructure, the two most important areas are somewhat below their quota, so that the operators of telecommunications and construction groups are slightly above it.
the ecb, which had published similar data in june, will be updated twice a year from now on.
it is expected to be announced in october, a reduction of its assets at acquisition: eur 60 billion in january, as a result of economic growth and inflation in the euro area continued.
(the exbrayat canepa, wilfrid in the french service, edited by marc ban)
copyright & copy;, thomson reuters
Translated by forexguides.info Team