-- Barclays has started marketing an additional tier 1 bond, Bloomberg reports citing an unnamed source.

-- The notes--which would be callable in June 2030--are set in the 10.5% area and are expected to price later on Wednesday, Bloomberg reports, noting that the lender is said to have included a mechanism to allow debt securities to be converted into shares.

-- The British bank has seen more than $5 billion of investor demand so far, Bloomberg reports.

-- Barclays didn't immediately reply to a request for comment when approached by Dow Jones Newswires.

Full story: https://tinyurl.com/y4t62cxc

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

November 15, 2023 08:38 ET (13:38 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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