The proposed loan is among tens of billions of dollars of borrowings that European lenders are arranging for riskier American clients, a business they’re targeting to ease the pain from revenue slumps in other areas.
Sean Mackenzie, a director at Titan Investors, added: “It is great news that we can confirm this letting to Barclays, one of the biggest and best-known financial institutions in the world.
The bank, which largely exited European equity operations in 2016, has had persistent problems in its London office.
Nordea, which will move its headquarters from Sweden to Finland this year, expects to deliver annualised cost synergies of about 25 million euros ($29 million) from the combined company's cost base by 2022.
Societe Generale, Credit Agricole, Santander, and Millennium bcp declined to comment.