Barclays Plc (BCS) has released an update.
Barclays PLC has announced the issuance of £1.25 billion in 8.500% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities, which are convertible into stock according to the terms outlined in the Preliminary Prospectus Supplement. Underwriters have committed to purchase the securities at a predetermined subscription price, with the transaction facilitated through Clearstream Banking, S.A., and/or Euroclear S.A./N.V. The securities are expected to contribute positively to Barclays’ financial flexibility and tax positions.
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