As announced on 8 December 2011, the ECB  will conduct two longer-term refinancing operations with a maturity of approximately 36 months; the first will be settled on 22 December 2011 and the second on 1 March 2012. 
	The operations will be launched at 9.30 am on the announcement day, and the deadline for the submission of bids will be 10.05 am.
	Press release
      
      
      
      
        © ECB - European Central Bank
     
      
      
      
      
      
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