Financial Times FT.com

Barclays unloads £6bn in difficult debt assets as buyers come forward

By Peter Thal Larsen, Banking Editor

Published: August 8 2008 03:00 | Last updated: August 8 2008 03:00

Barclays has offloaded troubled loans and securities worth £6.3bn ($12.2bn) during the past few months in a further sign that investors have become more willing to buy debt assets affected by the credit crunch.

Barclays executives said yesterday 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.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this