ECB Allots $40.236 B In TAF 7-Day Tender At 1.16%
ECB Allots $40.236 B In TAF 7-Day Tender At 1.16% FRANKFURT -(Dow Jones)- The European Central Bank Wednesday allotted $40.236 billion in funds to the banking system through a seven-day term auction facility. The funds were allotted at a fixed rate of 1.16%. As in previous auctions, the ECB satisfied all bids. There were eight bidders. The tender will be settled Thursday and the funds mature Aug. 13. Web site: -By Geoffrey T. Smith, Dow Jones Newswires; (+49 69) 29725-520; Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresAugust 05, 2009 05:39 ET (09:39 GMT)Copyright 2009 Dow Jones & Company, Inc

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