ot; by Dresdner Kleinwort, which said the company may raise 3 billion pounds (US$5.9 billion) in a share sale to shore up capital and write down a further 3 billion pounds. "Given the current environment and the group's growth aspirations, we expect management to boost capital ratios," analysts led by Arturo de Frias in London wrote in a research note to clients Friday. It will probably also pay its first-half dividend in stock, De Frias said.
Barclays, along with UK peers including Royal Bank of Scotland Group Plc, faces slower growth amid higher funding costs triggered by the global credit crisis. Barclays will probably arrange a share placement with a sovereign wealth fund rather than sell stock to its own investors, and will probably announce a deal in its trading statement May 15, the analysts said.
