Ahead on first govt-backed bond issue for banks

Reuters was first on Oct 21 to report Barclays was planning to raise at least 1 billion pounds from a bond sale, the first bank to issue government-backed paper under a rescue plan for all banks in the sector. The news was seen as a key step in unblocking funding markets that have been frozen for months. London reporters picked up a comment from an analyst note and confirmed it with Barclays. Reuters was eight minutes ahead of Dow Jones, while Bloomberg cited Reuters in a story that was widely cited in the market.