More detailed data on gilt purchases is available in our Market Notices and time series of operational results:
Market Notice: Asset Purchase Facility gilt purchases
Consolidated Market Notice: Asset Purchase Facility gilt purchase
Gilt purchase operational results
We also have data available on the nominal value of each of the gilts purchased. These are reported on a trade date basis, and updated following any gilt purchase operation:
Gilt purchases in nominal terms
We have agreed that we will make a small proportion of the gilts purchased available to the UK Debt Management Office (DMO) for on-lending to the market through the DMO’s normal repo market activity. We issued a joint statement on this in 2009.
Apply to participate in gilt purchases
To take part in the competitive auctions, you must be:
To take part in the non-competitive element of the auction, you must be appropriately authorised under the Financial Services and Markets Act, or signed up to our gilt-purchase open market operations.
Only one firm within a group can take part in the auctions, unless you undertake different kinds of activity, for example banking and asset management.
To apply, complete the application form and email to firstname.lastname@example.org.
Corporate bond purchases
We purchase corporate bonds to stimulate the economy by lowering the yields on corporate bonds. This has the following aims:
- reducing the cost of borrowing for companies
- encouraging asset sellers to rebalance their portfolios to include riskier assets
- encouraging companies to issue more bonds.
The Bank acts as an agent for the Bank of England Asset Purchase Facility Fund (BEAPFF, and only purchases sterling corporate bonds issued by firms that make a material contribution to the UK economy. It participates in the secondary market by holding reverse auctions. However, we reserve the right to carry out purchases via other methods – such as bilateral purchases – if necessary.