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Barclays redeems in full $5.18 million CMS steepener notes due 2030
By Marisa Wong
Madison, Wis., Aug. 30 - Barclays Bank plc said it redeemed all $5,175,000 of its outstanding callable CMS steepener notes due Feb. 26, 2030.
The notes (Cusip: 06740JL40) were redeemed on Aug. 28 at par plus accrued interest.
The interest rate was equal to four times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate, subject to a maximum rate of 11%.
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