Asset Purchase Facility (APF): Pricing of CBPS eligible securities – Market Notice 23 November 2021

This Market Notice describes a particular element in the operation of the Bank of England’s Corporate Bond Purchase Scheme.
Published on 23 November 2021

This Market Notice describes a particular element in the operation of the Bank of England’s Corporate Bond Purchase Scheme. It therefore supplements, and should be read in conjunction with, the consolidated Market Notice dated 5 November 2021.

On 5 November the Bank described the operation of the Corporate Bond Purchase Scheme reinvestment programme for this year.

Consistent with the scheme’s existing pricing approach, the Bank will continue to allocate and settle successful offers on a yield to maturity (YTM) basis; this includes bonds with 3 month to maturity par call features.  Participants should ensure that offers to sell any eligible security, including callable bonds, are submitted on a YTM basis. 

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