Barclays fixes terms on euro CoCo

Tue Dec 3, 2013 6:33am EST

LONDON, Dec 3 (IFR) - Barclays PLC is poised to price its first euro-denominated Additional Tier 1 bond at a yield of 8% on Tuesday, according to a market source.

The EUR1bn perpetual bond is callable after seven years and is being sold via sole bookrunner Barclays.

Bank of America Merrill Lynch, BNP Paribas, Commerzbank, Credit Agricole CIB, Credit Suisse and Morgan Stanley are joint lead managers with no books. The bond is expected to price later today.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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