Barclays to call three AT1s in September, despite FX loss

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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