The fed launched a program of lending to corporations

29.06.2020 21:52
The fed on Monday announced that it has launched the primary market corporate credit facility (PMCCF):
Relevant certification forms, other transaction documents, and PMCCF-related materials are now available.
Released new terms for PMCCF, added prices and other information.
Prices will depend on the Issuer and are based on market conditions, plus 100 basis points of Commission.
Prices will also depend on the minimum and maximum spread on Treasury securities of comparable maturity.
Such spread and threshold limits will vary depending on the Issuer's credit rating on the date when the mechanism makes a purchase.

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