New York Related News

New York Fed Announces Primary Market Corporate Credit Facility Launches on June 29

The Federal Reserve Bank of New York today announced that the Primary Market Corporate Credit Facility (PMCCF) is operational and available for use beginning June 29. The New York Fed also released the relevant certification forms, other transaction documentation and related materials, and additional Frequently Asked Questions regarding access to this facility.

The PMCCF provides a funding backstop for corporate debt to eligible issuers and is available to (i) purchase qualifying bonds as the sole investor in a bond issuance and (ii) purchase portions (up to 25%) of syndicated bonds at issuance (“co-investor” transactions).

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For more information, see:
PMCCF Website
Frequently Asked Questions
PMCCF Issuer Certification Forms and Other Documents

Contacts for Media Inquiries
Suzanne Elio
(212) 720-6449
suzanne.elio[at]ny.frb.org

Betsy Bourassa
(212) 720-6885
betsy.bourassa[at]ny.frb.org

Contact for General Inquiries
pmccf[at]ny.frb.org

Compliments of the Federal Reserve Bank of New York.