Published on 4/11/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $50 million floating rate notes on SOFR
By Wendy Van Sickle
Columbus, Ohio, April 11 – Barclays Bank plc priced $50 million of floating rate notes due July 10, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be SOFR plus a 65 basis points spread, subject to a 0.65% floor. Interest is payable quarterly.
The payout at maturity will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floating rate notes
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| Amount: | $50 million
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| Maturity: | July 10, 2026
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| Coupon: | SOFR plus 65 bps with a 0.65% floor; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | April 8
|
| Settlement date: | April 10
|
| Agent: | Barclays
|
| Fees: | 0.225%
|
| Cusip: | 06745QKK4
|
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