Your career in Banking

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Let’s say a utility company wants to raise funds to invest in its network. It decides to issue a bond (essentially a tradeable IOU that pays the holder a set level of interest each year, then the full value when it matures at a fixed point in the future). The company’s revenue is in Sterling so it wants to pay the interest off in Sterling too. But our Risk Solutions Group and Debt Capital Markets team advise that raising funds in Euros could be at a lower interest rate.

Debt Capital Markets, partnering with our Syndicate team, issues the bond to investors in Euros. Meanwhile the Risk Solutions Group structures a cross-currency swap. This allows the client to pay us a fixed Sterling amount and receive the Euros it needs to pay its bondholders.

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A fast-growing independent gym company is considering going public. It wants to raise capital to fund its expansion and boost its profile. Our Equity Capital Markets (ECM) team would guide the company through the IPO process including crafting their equity story, introducing the company to investors as part of a process known as a roadshow and co-ordinating with the regulator and other advisers before launching and raising the capital through a public bookbuild. This is an historic  event for a corporate client, so we’d also support them after listing, continuing to advise on a range of equity and equity-linked solutions that become available once the company is publicly traded.

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Company X is a publicly traded, casual dining chain with over 300 sites. Company Y is a private equity firm that wants to acquire Company X and help it expand. Company Y turns to Barclays for financing, and Leveraged Finance creates the financing package that supports Company Y's acquisition bid. Once Company X’s shareholders approve the deal, we arrange a loan from a number of key investors to finance it. The buy-out will help Company X roll out a further 30 restaurants a year over the next three to four years, benefitting itself and Company Y, as well as its private equity investors.

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Company A is a UK publicly traded firm in the logistics and warehousing sector looking to increase its exposure to the Chinese logistics market by acquiring Company B, a Chinese last-mile delivery market leader. The CEO of Company A initially approaches Barclays to better understand what a potential transaction could look like. Once the decision has been made to proceed with the transaction, Barclays global M&A teams work together to provide advice on strategy, tactics and engagement with Company B, modeling the effects of the transaction. We also provide guidance to Company A on the regulatory, anti-trust and Chinese takeover dynamics. In addition, the M&A team will manage the overall transaction, coordinating with the Barclays ECM team to raise cash through a rights issue, the Barclays DCM team to arrange debt financing, the Barclays RSG team to hedge the currency exposure of Company A, as well as with all other legal, commercial and PR advisers to Company A.