By Devika Patel
Knoxville, Tenn., May 6 – Barclays Bank plc (A1/A/A) offered further details about a $1.75 billion sale of 1.7% two-year senior notes that were sold at a spread of Treasuries plus 155 basis points on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
These notes priced at 99.918 at to yield 1.742%.
Initial price talk was in the 200 bps over Treasuries area.
Barclays was the bookrunner.
Proceeds will be used for general corporate purposes.
Barclays Bank is a banking and financial services company based in London.
| Issuer: | Barclays Bank plc
|
| Amount: | $1.75 billion
|
| Description: | Senior notes
|
| Maturity: | May 12, 2022
|
| Bookrunner: | Barclays
|
| Senior co-managers: | CIBC World Markets Corp., RBC Capital Markets Corp., Skandinaviska Enskilda Banken AB (publ) and Wells Fargo Securities LLC
|
| Co-managers: | Multi-Bank Securities, Inc., PNC Capital Markets LLC, Samuel A. Ramirez & Co. Inc. and U.S. Bancorp Investments Inc.
|
| Coupon: | 1.7%
|
| Price: | 99.918
|
| Yield: | 1.742%
|
| Spread: | Treasuries plus 155 bps
|
| Call: | Make-whole call, then a par call
|
| Trade date: | May 5
|
| Settlement date: | May 12
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 200 bps area
|
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