Dec 4 (peHUB) - A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation.
LONDON--Barclays PLC (BARC.LN) Wednesday priced a further issue of 1 billion euros ($1.36 billion) in 8.0% Additional Tier 1 Securities as part of its plan to raise up to 2 billion pounds ($3.26 billion), announced under its leverage plan on July 30 ...
The current share price fall in Barclays plc (LON:BARC) and Lloyds Banking Group plc (LON:LLOY) is a buying opportunity. I have long said that financials have been one of the contrarian opportunities of the moment.
Furthermore, as a shareholder in Barclays I also feel slightly fed up with investing more money in the business via the rights issue, only for shares to now be considerably below the theoretical ex rights price.