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Barclays adds nine more banks to work on share sale

Mon, 05th Aug 2013 08:56

LONDON, Aug 5 (Reuters) - Barclays said on Mondayit had appointed nine more banks to work on its 5.8 billionpound ($8.9 billion) share sale, taking the size of the totalsyndicate to 14.

The British bank said ABN AMRO, Banco Santander,BNP Paribas, ING Bank, JP Morgan,Mediobanca, Morgan Stanley, RBC Capital Marketsand SMBC Nikko Capital Markets had been appointed as additionalunderwriters and joint bookrunners on the fundraising.

The rights issue, announced last week and due to be launchedin September, is the biggest by a British bank since 2009 and isintended to help plug a larger-than-expected capital shortfallidentified by Britain's financial regulator at the bank.

Last week Barclays said Bank of America Merrill Lynch, Citi, Credit Suisse and Deutsche Bank were acting as joint bookrunners and initialunderwriters on the sale. Barclays itself is acting as globalcoordinator and joint bookrunner.

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