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Article 1 - Amendment

Article 1
Amendment

5.In Article 2 of Decision (EU) 2016/948 (ECB/2016/16), point 5 is replaced by the following:

‘5. Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) equal to or above the deposit facility rate are permitted. Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) below the deposit facility rate are permitted to the extent necessary.’.

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