Barclays’ tier-one invention takes to the air

    Headline: Barclays’ tier-one invention takes to the air Source: Euromoney Date: May 2000 Author: Michael Peterson Issuer: Barclays Bank Amount: e850 million Type of issue: tier-one Reserve Capital Instruments Launched: April 12 Book runner: Barclays Capital In a quiet corner of the capital markets, a furious race has been taking place for the […]

    Headline: Barclays’ tier-one invention takes to the air
Source: Euromoney
Date: May 2000
Author: Michael Peterson

Issuer: Barclays Bank

Amount: e850 million

Type of issue: tier-one Reserve Capital Instruments

Launched: April 12

Book runner: Barclays Capital




In a quiet corner of the capital markets, a furious race has been taking place for the past two years. Teams of well-paid financial engineers have been striving to build the perfect tax-deductible tier-one capital security for European banks. Accusations of intellectual theft and skulduggery are quick to fly.

















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