Barclays chops £2.3bn off AT1 target

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Barclays chops £2.3bn off AT1 target

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Barclays is set to issue £2.27bn equivalent of CRD IV-compliant additional tier one securities after completing its offer to exchange old style tier one bonds on Friday, bringing the bank’s total outstanding volume of new style AT1 to more than half its £7bn target.

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