Barclays PLC Announces Pricing Of Issue Of Additional Tier 1 Securities

Thursday, 14 Nov 2013 05:00am EST 

Barclays PLC announced that as part of its Leverage Plan, announced on July 30, 2013, the Company stated its intention to raise up to GBP2 billion of CRD IV qualifying Tier 1 securities with a fully loaded CET1 ratio trigger. In accordance with this intention, Barclays priced on November 13, 2013 an issue of $2 billion 8.25% CRD IV qualifying Contingent Convertible Additional Tier 1 securities with a 7% fully loaded CET1 ratio trigger to be issued on November 20, 2013. The securities are expected to be provisionally admitted to trading on the SIX Swiss Exchange from November 18, 2013. Application will be made to the SIX Swiss Exchange for listing of the securities.