Barclays to Buy Back $3.9 Billion of Debt to Bolster Capital
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Barclays Plc, the U.K.’s second-largest bank by assets, offered to buy back as much as 2.5 billion pounds ($3.9 billion) of securities to improve the quality of the capital it holds.
The lender will offer to buy back the Tier 1 securities for a discount of as much as 30 percent to face value, London-based Barclays said in a statement today.