ECB May Decide in Months on QE-Eligible Corporate Debt: Hansson
2015-04-16 14:50:37.451 GMT
By Ott Ummelas
(Bloomberg) -- ECB Governing Council member and Estonian
central bank Governor Ardo Hansson speaks in interview w/ Kuku
Raadio.
* Decision by ECB on Wednesday concerning institutional debt
purchases represents “first stage”of discussion over what
debt can be purchased aside from govt bonds as part of QE
* “In the second stage it will be discussed -- we hope during
the coming months -- how much real-sector corporate debt
should be bought. As there has been talk of state-owned
Eesti Energia and Elering in our case, they would be part of
that group. No decisions have been made yet”
* Bonds issued by Estonian electricity, gas grid operator
Elering are more likely to get approval because “this is
clearly a monopoly and no questions about distorting
competition can be raised”
* NOTE: Estonia’s central bank bought EU117m worth of
institutional debt as part of QE in March as Estonia has no
government bonds
* NOTE: Estonian Central Bank May Buy State Utilities’ Bonds:
Postimees
For Related News and Information:
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To contact the reporter on this story:
Ott Ummelas in Tallinn at +372-663-1128 or
oummelas@bloomberg.net
To contact the editors responsible for this story:
Balazs Penz at +36-1-881-0227 or
bpenz@bloomberg.net
2015-04-16 14:50:37.451 GMT
By Ott Ummelas
(Bloomberg) -- ECB Governing Council member and Estonian
central bank Governor Ardo Hansson speaks in interview w/ Kuku
Raadio.
* Decision by ECB on Wednesday concerning institutional debt
purchases represents “first stage”of discussion over what
debt can be purchased aside from govt bonds as part of QE
* “In the second stage it will be discussed -- we hope during
the coming months -- how much real-sector corporate debt
should be bought. As there has been talk of state-owned
Eesti Energia and Elering in our case, they would be part of
that group. No decisions have been made yet”
* Bonds issued by Estonian electricity, gas grid operator
Elering are more likely to get approval because “this is
clearly a monopoly and no questions about distorting
competition can be raised”
* NOTE: Estonia’s central bank bought EU117m worth of
institutional debt as part of QE in March as Estonia has no
government bonds
* NOTE: Estonian Central Bank May Buy State Utilities’ Bonds:
Postimees
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Ott Ummelas in Tallinn at +372-663-1128 or
oummelas@bloomberg.net
To contact the editors responsible for this story:
Balazs Penz at +36-1-881-0227 or
bpenz@bloomberg.net