Barclays announces issue of preference shares, pricing expected Thursday

By Andrea Heisinger

Omaha, Nov. 28 - Barclays Bank plc announced an upcoming issue of non-cumulative preference shares Wednesday, according to a Securities and Exchange Commission filing.

The issue was announced at the standard $300 million and is expected to price Thursday, an informed source said.

The shares will be priced at $25 each and will be callable beginning March 15, 2013.

Bookrunners are Barclays, Citigroup, UBS Investment Bank and Wachovia.

Proceeds will be used for general corporate purposes.

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