EBRD and Baltic states to develop regional market for commercial papers
The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to address short-term liquidity or working
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