Barclays redeems $2.17 million 10% CMS steepener notes in full

By Marisa Wong

Madison, Wis., Aug. 30 - Barclays Bank plc said it redeemed all $2,174,000 of outstanding callable steepener notes due Aug. 27, 2024 linked to the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate.

The notes were redeemed on Aug. 27 at par plus accrued interest up to the redemption date.

The notes were originally issued on Aug. 27, 2009 and carried a 10% fixed coupon for the first year.

The Cusip for the notes is 06739JTC7.

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