News Journal

Britain bank to raise money from investors in Abu Dhabi and Qatar

Britain’s second biggest bank Barclays Plc will be raising $11.8 billion from investors in mid -east mainly from Abu Dhabi and Qatar .The stocks of the bank fell in London trading.

The banks will sell 5.8 billion pounds of notes and preferred shares to pay 14% of annual interest to its mid- east investors till 2019.The bank will also be selling securities, restrict executive salaries and ban dividend payouts.