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Clifford Chance

Clifford Chance


Coronavirus: Debt Capital Markets facilities to support UK and EEA companies

25 March 2020

Governments, regulators and banks across the world are taking steps to support businesses affected by the COVID-19 pandemic.

In this briefing, we set out the eligibility criteria for the following schemes that have been implemented, or recently expanded, by the Bank of England and the European Central Bank (ECB) to help companies in need of liquidity: 

1. the Bank of England's Covid-19 Corporate Finance Facility (CCFF) for the purchase of commercial paper;

2. the ECB's pandemic emergency purchase programme (PEPP); and

3. the Bank of England's £200 billion expansion of its asset purchase scheme for corporate bonds.

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