Barclays targets long-dated senior in buyback
Barclays followed UK peers Lloyds and Royal Bank of Scotland in launching a buyback of its senior debt on Monday, becoming the latest FIG issuer to put excess liquidity to work with a liability management exercise.
The UK bank has launched a cash tender offer on four senior unsecured notes denominated in dollars, euros and sterling targeting around £5.5bn-equivalent. The bank has not given any target amount or spending cap on either part of the buyback.
Barclays is acting as dealer manager on the
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