1237 GMT - Fair value on Barclays' new sterling-denominated additional tier 1 bond would likely be at 8.4%-plus coupon, CreditSights analysts Paola Biraschi and Simon Adamson say in a note. The 6.3-year AT1 bond has an initial price talk in the area of 8.75%, LSEG data show. It is callable on a first call date of September 15, 2031. AT1 bonds are debt securities issued by banks to meet capital requirements. Other banks that have issued AT1 bonds this week include Sabadell, AIB Group, and Erste Group. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 08:37 ET (12:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.