Barclays raises 95 per cent of £6bn rights issue

Barclays has announced a 94.63 per cent take-up of a £6bn rights issue. (Release)

The books closed last night with the bank raising £5.8bn in the sale of New Ordinary Shares.

Underwriters are picking up the remainder today following trading starting on the London Stock Exchange.

The bank may blame local trading laws in China, Hong Kong, Japan and South Africa for preventing investors from buying up the emergency shares.