(Updates with new date for bond sale)
LONDON, Feb 28 (Reuters) - The Bank of England said on
Tuesday that it was rescheduling a routine sale of corporate
bonds from its quantitative easing portfolio, due to an
operational problem.
The sale of corporate bonds which had been due to take place
on Tuesday would now take place on Thursday at 1100 GMT, the BoE
said in a statement.
The BoE said it still intended to hold a separate scheduled
sale of other corporate bonds on Wednesday, which it would
reconfirm at 0900 GMT that day.
The BoE bought 20 billion pounds ($24 billion) of
corporate bonds as part of nearly 900 billion pounds of
quantitative easing purchases between 2009 and 2021.
The central bank started to sell corporate bonds back to
the market late last year, and aims to reduce its holdings to
zero by around the end of this year.
($1 = 0.8269 pounds)
(Reporting by Sachin Ravikumar, writing by David Milliken,
Editing by Kylie MacLellan)
