A little bird and a flying one told me this

Lifted from the net. Via WSJ US tech giant Apple and German auto maker Daimler are among a host of non-British companies whose debt is eligible for the Bank of England’s corporate-bond-buying programme, the central bank has said. The BOE published a list of around 300 securities it can buy in a £10 billion programme scheduled to begin Sept. 27 and run for 18 months. The list is made up of bonds issued by more than 100 companies, many of which have significant operations in the UK but are headquartered overseas. Other non-British names on the BOE’s shopping list include US biotechnology firm Amgen, French utility Électricité de France and Danish energy firm Dong Energy. The inclusion of non-British names underscores the unusual lengths some central banks are going to in an effort to stimulate sluggish economies. The UK has long been a magnet for foreign investment, and the BOE said the principle criterion for inclusion is that the issuer makes “a material contribution to the UK economy.” The issuer’s debt must also be high-quality investment grade and denominated in sterling. Plenty of British firms make the cut, including newspaper publisher Daily Mail & General Trust, whose flagship title The Daily Mail supported the UK’s exit from the European Union in a referendum in June. Bonds from oil giant BP and drug makers GlaxoSmithKline and AstraZeneca are also included. Financial firms are excluded.