Bank of France says held successful first reverse auction trial

October 16, 2015 12:43 PM

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PARIS Oct 16 The Bank of France said it had successfully completed its first reverse auction on Friday as part of a trial by the European Central Bank to look at new ways of buying public sector debt under its quantitative easing scheme.

"The test allowed a significant number of counterparties of the Banque de France to submit offers on 4 EFSF (European Financial Stability Facility ) debt securities," the Bank said in a statement.

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