Barclays Starts Offering AT1 Bond, Bloomberg Reports
November 15 2023 - 8:53AM
Dow Jones News
-- Barclays has started marketing an additional tier 1 bond,
Bloomberg reports citing an unnamed source.
-- The notes--which would be callable in June 2030--are set in
the 10.5% area and are expected to price later on Wednesday,
Bloomberg reports, noting that the lender is said to have included
a mechanism to allow debt securities to be converted into
shares.
-- The British bank has seen more than $5 billion of investor
demand so far, Bloomberg reports.
-- Barclays didn't immediately reply to a request for comment
when approached by Dow Jones Newswires.
Full story: https://tinyurl.com/y4t62cxc
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 15, 2023 08:38 ET (13:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Barclays (NYSE:BCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Barclays (NYSE:BCS)
Historical Stock Chart
From Jul 2023 to Jul 2024