Barclays announces it will resume selling iPath ETNs linked to MSCI India

By Devika Patel

Knoxville, Tenn., Nov. 5 - Barclays Bank plc said it plans to resume selling its iPath exchange-traded notes linked to the MSCI India index with certain conditions.

The company announced on Oct. 26 that the notes were the most traded iPath security in July with average daily volume of $42.2 million for the month and that an average of 661,000 notes traded each day. The company said it was suspending the issuance, sale and lending of the notes.

Monday, Barclays said it would resume selling the iPath notes, but only in an amount equal to the notes that have been redeemed by Barclays. It also said it would resume lending the notes, but only in an amount equal to the notes that had been previously lent out and have been returned to the company.

Barclays said it has filed a registration with the Securities and Exchange Commission for the offering.

Barclays is a London-based financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services.

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