British banking giant Barclays has completed its £5.8 billion (US$9.4 billion) rights issue to meet a capital shortfall identified by its regulator.
The lender has received valid acceptances in respect of 3.04 billion new ordinary shares, which represented 94.63% of the rights issue, it said in a statement.
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The Barclays rights issue is the biggest since 2009 and the fourth biggest in British banking history.
It was priced in late July at 185p a share, equivalent to a 35% discount to the theoretical ex-rights price of 284p.
Antony Jenkins, who took over as chief executive a year ago, is trying to rebuild Barclays’ reputation after a string of scandals. He said the rights issue would deal "quickly and decisively" with the British regulator’s demands.
The UK’s Prudential Regulation Authority is imposing a 3% leverage ratio to make the financial system safer.
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