Economic news
Barclays announces timing of U.S. securities repurchase offer
2022.07.25 14:38
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.
