New Issue: Barclays upsizes five-year fixed-to-floating-rate notes to $745,000

By Toni Weeks

San Diego, Feb. 25 - Barclays Bank plc priced an additional $245,000 of fixed-to-floating-rate notes due Feb. 25, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue size to $745,000. The original $500,000 of notes priced Feb. 11.

The initial interest rate is 3.2%. Beginning Feb. 25, 2012, the interest rate will be Libor plus 100 basis points, subject to a maximum of 6% in each interest period. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating-rate notes
Amount:	$745,000, increased from $500,000
Maturity:	Feb. 25, 2016
Coupon:	Initially 3.2%; beginning Feb. 25, 2012, Libor plus 100 bps; maximum of 6%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing dates:	Feb. 11 (for $500,000); Feb. 23 (for $245,000)
Settlement date:	Feb. 25
Agent:	Barclays Capital Inc.
Fees:	0.75%
Cusip:	06738KBU4

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