Barclays Gets Big Orders for First Euro AT1 Since 2014 (1)

Barclays Plc drew strong orders for its first sale of euro currency Additional Tier 1 debt since 2014.

The bank saw investor bids for its €1.5 billion ($1.73 billion) sale of perpetual notes callable after 10.5 years exceed €8.1 billion to give a bid to cover ratio of 5.4 times, according to a person with knowledge of the matter.

The deal came on a day when stock markets rallied on optimism that lawmakers are moving closer to an agreement ending the longest shutdown in US history. Gauges of corporate credit risk also eased on Monday and provided an opportunity for ...