By Miriam Mukuru
Barclays launched a sterling-denominated additional tier 1 $(AT1.AU)$ bond on Thursday.
The 6.3-year AT1 bond's first call date is on September 15, 2031, and its initial price talk is in the area of 8.75%, LSEG data showed.
Order books currently stand above 3.5 billion pounds ($4.6 billion), according to LSEG.
Proceeds from the sale of the bond will go toward general corporate purposes.
AT1 bonds are a risky form of debt issued by banks to meet regulatory capital requirements.
Barclays is one of a number of European banks that have launched AT1 bonds this week, including Sabadell, AIB Group, and Erste Group.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
May 15, 2025 07:12 ET (11:12 GMT)
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