Reuters: Bankruptcy News: Demand hits USD12.5bn for Barclays CoCo

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Demand hits USD12.5bn for Barclays CoCo Nov 14th 2012, 13:17 By Aimee Donnellan Wed Nov 14, 2012 8:17am EST LONDON, Nov 14 (IFR) - Investor demand for Barclays Bank's inaugural contingent capital issue has reached USD12.5bn according to a lead manager. Orders from Asia have reached USD10bn and lead managers Barclays, Citi, Credit Suisse, Deutsche Bank and Morgan Stanley collected USD2.5bn of orders from US accounts overnight. The deal is being marketed at mid to high 7% for the 10-year Tier 2 bond which is expected to be rated BBB-/BBB-.

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