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BARC Barclays Plc

202.20
11.06 (5.79%)
Last Updated: 12:45:16
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.06 5.79% 202.20 202.15 202.25 202.65 194.00 195.96 56,297,753 12:45:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.82 30.61B

Barclays Offers To Buy Back Up To GBP2.5 Billion Subordinated Bonds For Cash

05/12/2011 6:11pm

Dow Jones News


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Barclays PLC (BARC.LN) is offering to buy back up to EUR2.5 billion of its subordinated bonds for cash, the bank said.

The securities to be bought back are a number of core Tier 1 and perpetual subordinated securities denominated in dollars and sterling. The bonds will be bought at a discount, ranging from 65% to 89.5% of their face value.

The offer expires Jan 3, although bondholders who respond by Dec. 16 will receive a "early tender premium".

The rationale of the buy back offer is to "enhance further the quality of its capital structure through the reduction of non-Basel III compliant tier one capital and subsequent generation of additional core Tier 1 capital" the bank said.

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

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