Barclays Launches ECA-Backed Notes

04 Oct 2010

Barclays Bank has launched a $1.5 billion issuance of notes backed by a pool of dollar-denominated loans guaranteed by export credit agencies in the U.K. and U.S.

—Hugh Leask

Barclays Bank has launched a $1.5 billion issuance of notes backed by a pool of dollar-denominated loans guaranteed by export credit agencies in the U.K. and U.S. The single tranche of notes, issued by the Ireland-domiciled StatECA Limited vehicle, were rated Aaa by Moody’s Investors Service.

The loans ...

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