By Aleesia Forni
Virginia Beach, Sept. 4 – Barclays plc priced $1.25 billion of 4.375% subordinated notes due 2024 on Thursday at Treasuries plus 195 basis points, according to a market source.
The notes (Baa1/BBB/A-) sold at 99.848 to yield 4.394%.
Barclays was the bookrunner.
Proceeds will be used for general corporate purposes.
The financial services company is based in London.
| Issuer: | Barclays plc
|
| Amount: | $1.25 billion
|
| Description: | Subordinated notes
|
| Maturity: | 2024
|
| Bookrunner: | Barclays
|
| Coupon: | 4.375%
|
| Price: | 99.848
|
| Yield: | 4.394%
|
| Spread: | Treasuries plus 195 bps
|
| Trade date: | Sept. 4
|
| Settlement date: | Sept. 11
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: A-
|
| Price talk: | Treasuries plus 200 bps area, tightened from Treasuries plus low-200 bps area
|
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