Since June 2016, the European Central Bank (ECB) has acquired nearly €113 billion worth of bonds in private non-banking companies in the framework of the corporate sector purchase programme (CSPP), its president, Mario Draghi, announced on Monday 25 September.
“So far, close to €110 billion of corporate bonds from around 200 issuers, in 20 countries, across all sectors, have been purchased”, Draghi said. He observed that as a result of this programme, financing conditions had...