Barclays PLC To Raise $12 Billion To Plug Capital Gap

Mani

Published onJuly 30, 2013

Updated on May 13, 2021

Barclays PLC (NYSE:BCS) (LON:BARC) announced today its plans to raise $12 billion through rights issue and contingent capital, to plug its capital short fall.

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Britain’s third biggest bank and the sixth largest in Europe plans to raise $8.9 billion through a rights issue of stock and the balance through contingent capital, which is a financial instrument that converts to equity if the bank’s capital falls below a certain threshold level.

Barclays PLC (NYSE:BCS) (LON:BARC) also...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Barclays PLC To Raise $12 Billion To Plug Capital Gap

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