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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 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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