LONDON, Sept 12 The Bank of England said it
would start to buy 10 billion pounds ($13.3 billion) worth of
sterling corporate bonds via reverse auctions on Sept. 27, as
part of the economic stimulus measures it announced last month.
The BoE said it planned to hold three auctions a week
initially, and would spread its purchases over 18 months.
Bonds needed to be issued by firms that make a significant
contribution to the British economy, and that were not part of
the financial services sector, the BoE said.
($1 = 0.7516 pounds)
(Reporting by David Milliken; editing by Kate Holton)