Barclays swamped with Coco orders as yield hunt rolls on

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Barclays swamped with Coco orders as yield hunt rolls on

November 14, 2012 12:00 AM

Investors are overwhelming Barclays with orders for its long anticipated contingent capital instrument, as they look for higher yielding assets. Leads had taken $4.5bn by the end of Wednesday’s Asia session on the back of initial guidance of mid to high 7% area.

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