New Issue: Barclays sells $10 million fixed-to-floaters on ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – Barclays Bank plc priced $10 million of fixed-to-floating notes due Sept. 15, 2027 to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be fixed at 3.875% for the first two years. After that, the notes will bear interest at the 10-year U.S. dollar ICE swap rate, subject to a floor of zero. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating notes
Amount:	$10 million
Maturity:	Sept. 15, 2027
Coupon:	3.875% initially; beginning Sept. 15, 2019, 10-year U.S. dollar ICE swap rate, subject to 0% floor; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Non-callable
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Underwriter:	Barclays
Fees:	1.16%
Cusip:	06744C4C2

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