Barclays is repurchasing a $9.3 billion portfolio of credit assets, Financial Times reports. The assets will be bought from C12, a spun-off entity created in September 2009 to wind down the portfolio, called Protium, over 10 years with the help of a $12.6 billion loan from Barclays. The firm, which will pay an $83 million break fee to C12, will also buy out unidentified third-party investors in the fund for $270 million. In addition, Barclays will inject $750 million in another C12 credit fund, called Helix.
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