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Barclays redeems $2.75 million of range accrual notes due 2025
By Marisa Wong
Madison, Wis., March 22 - Barclays Bank plc said it redeemed all $2,749,000 of its outstanding fixed-rate callable range accrual notes due Dec. 22, 2025.
The notes (Cusip: 06740PS23) were redeemed on March 22 at par plus accrued interest. At the time of redemption, the coupon was equal to 7% times the number of days on which six-month Libor was 6.5% or less and the S&P 500 index was at or above 875.
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