Barclays Spain to Increase Capital to Meet New Bank Rules
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Barclays Bank SA, the U.K. lender’s Spanish unit, agreed to a capital increase of as much as 600 million euros ($858 million) and a boost to capital of as much as 700 million euros via buying back debt, it said in a filing.
Barclays Bank SA will buy back subordinated debt from Barclays Plc, said a spokeswoman for the Spanish unit in a telephone interview.