Bloomberg News

Barclays to Sell 750 Million Euros of 2014, 2022 Covered Bonds

December 16, 2011

Dec. 12 (Bloomberg) -- Barclays Plc is adding 750 million euros to outstanding covered bonds due in 2014 and 2022, according to a person with knowledge of the deal.

The bank is selling 450 million euros of 2014 bonds that will be priced to yield 105 basis points more than the benchmark mid-swap rate, the person said. Barclays is also adding 300 million euros to its covered bonds due in 2022 that will yield 130 basis points over swaps.

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


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