Barclays plans three-year floaters with 1.25%-2.25% coupon floor

By Susanna Moon

Chicago, May 23 – Barclays Bank plc plans to price floored floating-rate notes due June 16, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be Libor plus a spread of 60 basis points until June 16, 2019 and stepping up to 100 bps after that. The minimum interest rate will be 1.25% until June 16, 2019 and 2.25% after that. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

The notes will settle on June 16.

The Cusip number is 06741VW24.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.