Barclays offers new test of UK risk appetite amid AT1 refi frenzy

Barclays gave investors a chance to buy deeply subordinated UK bank risk on Wednesday, joining a string of issuers in hitting the additional tier one market ahead of impending call dates.

  • By Tyler Davies
  • 20 Mar 2019

The UK bank was marketing a perpetual non-call five year AT1 in dollars through its own investment bank.

Price thoughts began in the 8.25% area, which one on-looking FIG syndicate banker described as offering a healthy new issue premium to investors.

The banker said that Barclays had ...

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4 Barclays 228,308.02 952 5.99%
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