Barclays gives investors chance to grab dollar AT1 paper

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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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