Barclays in focus as Coco plans emerge

By Will Caiger-Smith
31 Jul 2013

After Wall Street’s giants basked in the glow of a promising set of second quarter results, some of Europe’s biggest names have had a tougher time this reporting season. Barclays’ results were hit by mis-selling charges, while Deutsche Bank’s profits halved year-on-year as it increased legal provisions and suffered a decline in debt trading.

In terms of potential primary market activity, the spotlight fell on Barclays, which is looking to bring up to $2bn of additional tier one debt with a 7% loss absorption trigger.

The issue will be accompanied by a

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