By Helene Durand
LONDON, Dec 3 (IFR) - The first euro denominated AdditionalTier 1 issue for Barclays Plc has attracted around EUR7bn ofinvestor demand, according to a lead manager.
The UK lender will price the EUR1bn perpetual non-callseven-year trade later today, and has revised guidance to8%-8.125% from low to mid 8%. The coupon will therefore be lowerthan the 8.25% the bank paid for a US$2bn Additional Tier 1priced in November.
Barclays is sole bookrunner. Bank of America Merrill Lynch,BNP Paribas, Commerzbank, CACIB, Credit Suisse and MorganStanley are leading the transaction which is expected to berated B+/BB+ by S&P and Fitch.