Barclays issues subordinated debt instruments and preference shares that contribute to the strengthening of our capital position.
Barclays has a history of innovation in the hybrid capital space. Consequently, we have a variety of dated and undated structures outstanding, including Reserve Capital Instruments (RCIs), Tier One Notes (TONs), preference shares, contingent capital, and subordinated debt securities none of which are secured.
The terms of each security reflect the requirements for its particular class of capital at the time it was issued. We endeavour to keep our capital structure as simple as possible while still embracing regulatory progress. Our aim is to provide as much information as is necessary to help investors understand the terms of the instruments they own or are considering, and we hope investors agree that our capital portfolio offers a good selection of investment opportunities to suit different risk profiles.