Barclays pulls dollar tier two while NAB hits sweet spot

By Graham Bippart
26 Jun 2014

The drama of a pulled Barclays trade and weak GDP data overshadowed a flurry of FIG issuance in the US led by National Australia Bank at the start of the week.

Barclays was building strong demand for its planned $1.5bn 10 year subordinated deal when news broke on Wednesday that the New York attorney general was suing the bank for fraud in relation to its high-frequency trading operation. The bank immediately pulled the self-led ...

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