Barclays to call three AT1s in September, despite FX loss

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By Tyler Davies
01 Aug 2019

Barclays said on Thursday that it will redeem three of its additional tier one (AT1) bonds in September, though a weaker pound means that paying the debt back will eat into its common equity tier one ratio.

Barclays has three AT1s arriving at their first call dates on September 15 — a £695m 7% bond, a $1.21bn 6.625% note and a €1.08bn 6.5% deal.

When reporting its latest quarterly earnings on Thursday, the UK bank said that it would be calling all three of ...

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