Barclays waits on ‘tactical’ Euroyen amid Brexit noise

Barclays_PA_230x150_140319
By Tyler Davies
14 Mar 2019

Barclays has prepared new issuance in Japan while it waits out this week’s Brexit drama. The yen market is proving popular among European banks, which are taking advantage of favourable conditions to make total loss-absorbing capacity (TLAC) issuance.

Barclays said on Monday that it picked its own bank, Mizuho, MUFG and SMBC Nikko to arrange the sale of a “Japanese yen-denominated Reg S bond offering”. It did not give details about the possible tenor, product type or pricing.

A banker on the mandate said ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.