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According to the Bank of England press office, the existing Euro Note programme will cease.
The final issue under the old programme was therefore the ?3 billion nominal Euro Note maturing 27 January 2009, issued at the beginning of 2006. There are two other outstanding Euro Notes maturing on 29 January 2007 and 28 January 2008, each for ?2 billion nominal.
However, the Bank will continue to issue securities in order to finance its portfolio of foreign exchange reserves. It plans to issue mediumterm securities on an annual basis, with a regular timetable, a high degree of transparency and a group of banks to market and distribute each issue. Further details, including currency, maturity and the group of banks will be announced early each
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