Investors show thirst for AT1 in Barclays sterling sizzler

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By Tyler Davies
28 Feb 2017

Barclays was met with hot demand for a new additional tier one trade in the undersupplied sterling market on Tuesday, with the trade quickly racking up more than £6bn ($7.35bn) in orders.

Investors have been hankering after AT1 bonds in 2017 as the risk profile of the relatively small asset class has recently shifted in favour of bondholders.

Accounts had put more than £4bn of orders behind the £1.25bn perpetual non-call

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