Published on 7/6/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10 million floating rate notes on SOFR
By William Gullotti
Buffalo, N.Y., July 6 – Barclays Bank plc priced $10 million of floating rate notes due July 5, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be SOFR plus a 145 basis point spread, subject to a 1% floor, and will be 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: | $10 million
|
| Maturity: | July 5, 2028
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| Coupon: | SOFR plus 145 bps with 1% floor; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | Barclays
|
| Fees: | 0.4%
|
| Cusip: | 06745MMT2
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