By Susanna Moon
Chicago, Nov. 7 Barclays plc said it issued 500 million 0.625% of green bonds in the U.K. market.
The transaction was well received, attracting a final order book of 1.85 billion, or an oversubscription of 3.7 times, according to a company announcement.
Proceeds will be used to finance and refinance Barclays residential mortgages on properties situated in England and Wales that are in the top 15% of the lowest carbon intensive buildings in these countries, based on estimated energy efficiency, the release noted.
The bank said on Monday that it planned to price 500 million of senior green bonds via Barclays, ABN Amro, Credit Agricole CIB and SEB.
Barclays is a financial services company based in London.
| Issuer: | Barclays plc
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| Issue: | Green bonds
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| Amount: | 500 million
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| Coupon: | 0.625%
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| Bookrunners: | Barclays, ABN Amro, Credit Agricole CIB and SEB
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| Settlement date: | Nov. 7
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