Barclays glides through fair value on fifth trip to dollars

Barclays plc priced a short-dated senior deal about five basis points through fair value in the dollar market this week, as Brexit negotiations come down to the eleventh hour.
The UK issuer (Baa2/BBB/A) sold a $1.5bn four year non-call three note from its holding company on Thursday.
It had opened books during US hours with price thoughts in the 115bp area over US Treasuries.
Because it was registered with the SEC, there were no public ...Already a subscriber? Login