FRANKFURT (Dow Jones) — The European Central Bank (ECB) has allotted 2.205 billion euros in its refinancing operation with a term of 91 days. The bids of 19 institutions were fully served, as the ECB announced. The banks in the euro area thus obtained 1.416 billion euros more in liquidity.
The transaction is settled at the average main refinancing rate prevailing during its term. The deal is valued on August 31st and matures on November 30th. This new tender replaces a refinancing transaction issued in May with a volume of EUR 0.789 billion.
Contact the author: [email protected]
DJG/apo/hab
(END) Dow Jones Newswires
August 30, 2023 05:40 ET (09:40 GMT)