Barclays shocks investors with non-call of legacy T1

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By David Freitas
05 Feb 2020

Barclays surprised some market participants this week when it said that it would not be calling one of its legacy tier one securities at its first call date in March.

The perpetual notes were issued by Barclays Bank plc in March 2005 to pay a coupon of 4.75%.

They are callable for the first time on March 15 this year. But Barclays said in a statement on Tuesday that it would not be exercising the option next ...

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