COVID-19: Update to the Covid Corporate Financing Facility
Following our
initial postand
subsequent updateon the Bank of England’s (the “Bank”) Covid Corporate Financing Facility (“CCFF”), on 19 May 2020 the Bank issued a press release announcing the publication of a consolidated market notice that incorporates revisions to the operation of the CCFF, including with respect to (i) restraint on the payment of dividends and other capital distributions by issuers; (ii) early repayment of drawings under the CCFF; and (iii) publicly disclosing access to the CCFF.
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