Barclays mulls bond issuance

Tim Wallace
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Barclays is expected to launch a new bond in the coming months in response to the Bank of England’s demands that the UK’s biggest banks shore up their finances.

The Bank believes the institutions are underestimating the amount of capital they need by tens of billions of pounds.

Barclays issued a contingent convertible (coco) bond late last year that was lapped up by enthusiastic investors, putting it on a strong footing for more issuance. The bank declined to comment.