Wednesday, Jun 25, 2008
Desperate for cash
FT: "Not a rights issue," but Barclays raises £4,5 billion
Barclays today announces it is to issue 1.4bn new shares at 282p-a-share, a discount of 9.3 per cent, with the aim of raising £4billion in cash.
It will also sell stakes in itself to Qatar, China, Singapore and Japan.
Unnamed institutional investors have agreed to provide another £1.34bn
Posted by little professor @ 08:42 AM (322 views) Add Comment
2 Comments
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1. harold said...
Expect anything that isn't nailed down to be foreign-bought and shipped abroad, including financial institutions. Inflation and scarcity of goods to follow. Get an allotment.
2. mark said...
why are the shares going up on this?