New Issue: Barclays sells $18.68 million more 10-year fixed-to-floating notes

By Susanna Moon

Chicago, Nov. 22 - Barclays Bank plc priced another $18.68 million of capped fixed- to floating-rate notes due Nov. 24, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $19.68 million, up from $1 million.

Interest is payable quarterly and is fixed at 7.25% for the first year. Thereafter, interest will accrue at Libor plus a spread of 100 basis points, capped at 7%.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped fixed-to-floating notes
Amount:	$19,678,000, up from $1 million
Maturity:	Nov. 24, 2020
Coupon:	7.25% for first year; beginning Nov. 24, 2011, Libor plus 100 bps, capped at 7%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing dates:	Oct. 27 for $1 million; Nov. 19 for $18,678,000
Settlement date:	Nov. 24
Agent:	Barclays Capital Inc.
Fees:	2%
Cusip:	06740P870

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.