By Angela McDaniels
Tacoma, Wash., Sept. 10 - Barclays Bank plc began tender offers for four series of notes, according to company filings with the London Stock Exchange.
The notes eligible for the offers are noted in the table below.
The offers for the dollar-denominated notes will end at 11:59 p.m. ET on Sept. 17. The offers for the other notes will end at 6 p.m. ET on Sept. 17.
The purchase prices for the dollar-denominated notes will be set by reference to a fixed spread over the yield to maturity of a reference Treasury security at 2 p.m. ET on Sept. 17. The purchase prices for the other notes will be set using a fixed spread above a benchmark rate at or around 9 a.m. ET on Sept. 18. The reference securities, rates and spreads are included in the table.
The company will also pay accrued interest up to but excluding the settlement date, which is expected to be Sept. 20.
For the dollar-denominated notes, the dealer manager is Barclays Capital Inc. (212 528-7581, 800 438-3242 or liability.management@barclays.com), and the tender agent is Global Bondholder Services Corp. (212 430-3774, 866 937-2200 or Info@gbsc-usa.com). For the other notes, the dealer manager is Barclays Bank (44 (0)20 7773 8990 or liability.management@barclays.com), and the tender agent is Lucid Issuer Services Ltd. (44 (0)20 7704 0880, Attention: Thomas Choquet/Yves Theis, or barclays@lucid-is.com).
Barclays is a banking and financial services company based in London.
Barclays tender offers
| Notes | Amount outstanding | Reference security/rate | Fixed spread
|
| 6.75% senior notes due 2019 | $2 billion | 1.625% Treasury due Aug. 15, 2022 | 145 bps
|
| 5.125% senior notes due 2020 | $2,824,000,000 | 1.625% Treasury due Aug. 15, 2022 | 140 bps
|
| 4.875% notes due 2019 | €1,951,533,000 | Euro interpolated mid-swap rate | 85 bps
|
| 5.75% notes due 2021 | £723,574,000 | Sterling interpolated mid-swap rate | 140 bps
|
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