Financial Times FT.com

Barclays unloads £6.3bn troubled debt

By Peter Thal Larsen and Jane Croft

Published: August 7 2008 07:30 | Last updated: August 7 2008 21:02

Barclays has offloaded troubled loans and securities worth £6.3bn during the past few months in a sign that investors have become more willing to buy debt assets affected by the credit crunch.

Barclays executives said on Thursday that most of the sales, which included mortgages and mortgage-backed securities, had been agreed in May and June. Deals were at prices consistent with valuations on Barclays’ balance sheet and did not require the bank to provide financing.

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