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:
Frequently Asked Questions
PMCCF Issuer Certification Forms and Other Documents
Contacts for Media Inquiries
Contact for General Inquiries
Compliments of the Federal Reserve Bank of New York.