Barclays gives investors chance to grab dollar AT1 paper

By David Freitas
05 Aug 2020

Barclays has following Credit Suisse in marketing additional tier one paper in dollars this week, bringing a deal on Wednesday that could be used to refinance an existing euro bond.

Barclays opened books for a perpetual non-call December 2025 AT1 bond on Wednesday morning, with a first reset date in June 2026 and expected ratings of Ba2/B+/BBB-.

The trade was being sold in the dollar market, in an SEC registered format.

Sole bookrunner Barclays started out with price ...

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