Barclays Sells $1.75 Billion Dollar AT1 Bond After UBS Sale (4)

Barclays Plc raised $1.75 billion through an additional tier 1 bond, attracting strong investor orders in another sign of a revival for the market rocked earlier this year by the historic writedown of Credit Suisse Group AG securities.

The London-based bank sold the dollar perpetual AT1 note that’s callable in June 2030. Demand at the last update was over 12.5 times the size of the debt on offer, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. This enabled the issuer to tighten the yield to 9.623% ...