Barclays calls $21.64 million step-up fixed-rate notes due 2020, 2025

By Marisa Wong

Madison, Wis., June 15 - Barclays Bank plc said it will redeem $21,639,000 of step-up fixed-rate callable notes on June 22 at par.

Barclays will redeem its $16.5 million of outstanding step-up notes due Dec. 22, 2020 (Cusip: 06740PN93) and its $5,139,000 of outstanding step-up notes due Dec. 22, 2025 (Cusip: 06740PN77).

The 2020 notes currently bear interest at 4%, and the 2025 notes carry a coupon of 4.5%.

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