Bloomberg News

Barclays Said to Add to Three-Year Covered Bonds in Pounds

February 22, 2012

Feb. 22 (Bloomberg) -- Barclays Bank Plc is adding a minimum of 300 million pounds to its outstanding issue of three- year covered bonds due January 2015, according to a banker with knowledge of the deal.

The new notes may be priced to yield 135 basis points more than Libor. Barclays is managing the transaction.

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

To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net


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