Article 1Amendment
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.’.
Article 2Entry into force
This Decision shall enter into force on 13 January 2017.
Done at Frankfurt am Main, 11 January 2017.
For the Governing Council of the ECB
The President of the ECB
Mario Draghi