Barclays Selling First Euro AT1 Since 2014 as Risk Tone Improves

Barclays Plc is seizing on an improvement in risk sentiment to sell its first euro currency Additional Tier 1 debt since 2014.

The bank is offering euro benchmark-sized perpetual notes callable after 10.5 years at initial price talk of 6.5% to 6.625%, according to a person with knowledge of the matter. It’s the lender’s third sale of subordinated debt this year, which includes a sterling AT1 offering in May, according to data compiled by Bloomberg.

The deal comes as stock markets rally on optimism that lawmakers are moving closer to an agreement ending the longest shutdown in US history. Gauges ...