Barclays to call three AT1s in September, despite FX loss

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.

  • By Tyler Davies
  • 01 Aug 2019

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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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,694.44 97 6.03%
2 HSBC 11,111.48 60 5.73%
3 LBBW 9,011.90 53 4.65%
4 UBS 8,078.41 47 4.16%
5 Natixis 7,644.64 40 3.94%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73,204.36 371 6.09%
2 Bank of America Merrill Lynch 69,564.17 331 5.79%
3 Citi 63,983.51 361 5.32%
4 Morgan Stanley 56,242.30 296 4.68%
5 Goldman Sachs 49,250.67 418 4.10%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,025.88 284 11.20%
2 Bank of America Merrill Lynch 56,278.96 276 10.86%
3 Citi 51,335.67 282 9.91%
4 Morgan Stanley 41,362.96 206 7.98%
5 Goldman Sachs 36,911.69 353 7.12%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 6,344.57 31 6.38%
2 Natixis 6,233.11 25 6.26%
3 Credit Agricole CIB 5,863.28 26 5.89%
4 LBBW 5,801.16 24 5.83%
5 HSBC 5,646.37 23 5.68%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,650.85 19 11.22%
2 UBS 5,041.69 27 8.50%
3 BNP Paribas 4,750.73 23 8.01%
4 JPMorgan 4,061.30 31 6.85%
5 Credit Suisse 3,901.61 15 6.58%