Bloomberg News

Barclays Said to Add to Covered Bonds Due 2014, 2022

December 12, 2011

Dec. 12 (Bloomberg) -- Barclays Plc is adding to its covered bonds due in September 2014 and March 2022, according to a person with knowledge of the deal.

The bank is selling at least 250 million euros of 2014 bonds that may be priced to yield about 105 basis points more than the benchmark mid-swap rate, the person said. It’s also issuing at least 250 million euros of 2022 securities that may yield about 130 basis points over swaps, the person said. Barclays is managing the deal.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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