Global Trade Alert
Global Trade Alert

United Kingdom: Bank of England announces that the CCFF holds an outstanding debt of USD 1280 million from BASF on 4 June 2020

Announcement

04 Jun 2020

On 4 June 2020, the Bank of England announced the list of businesses with outstanding Commercial Papers held by the Covid Corporate Financing Facility (CCFF) scheme. BASF was introduced in the list for the first time. The Bank confirmed that the debt held by this company was USD 1280 million.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

04 Jun 2020

Revocation date:

No revocation date

State loan In force

On 4 June 2020, the Bank of England announced that BASF was introduced in the list of businesses with outstanding Commercial Paper held by the Covid Corporate Financing Facility (CCFF) scheme. Accordi...

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