Barclays redeems $434,000 10.5% reverse convertibles tied to Cliffs

By Marisa Wong

Madison, Wis., Feb. 28 - Barclays Bank plc gave notice that it redeemed all $434,000 of its outstanding 10.5% annualized callable reverse convertible notes due June 28, 2011 linked to Cliffs Natural Resources, Inc. shares on Feb. 28.

The notes (Cusip: 06740PYV2) were redeemed at par plus accrued interest to the redemption date.

The Bank of New York Mellon is the redemption agent.

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