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Economic news

Barclays announces timing of U.S. securities repurchase offer

07/25/2022

Less than a minute

2022.07.25 14:38

Barclays announces timing of U.S. securities repurchase offer
FILE PHOTO: The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration

(Reuters) – Barclays (LON:BARC) Bank has published terms to repurchase up to $15 billion of securities sold in breach of U.S. regulations, offering investors an up to 17.3% above face value.

The lender said the rescission offer will commence from Aug. 1 and will be open for a period of 30 U.S. business days.

Source

07/25/2022

Less than a minute