Barclays increases price, extends tender offer for natural gas ETNs

Chicago, Sept. 30 – Barclays Bank plc extended its cash tender offer and consent solicitation for any and all of its iPath Bloomberg Natural Gas Subindex Total Return ETNs due Oct. 22, 2037 (Cusip: 06739H644), according to a press release.

The offer and consent solicitation now expire at 5 p.m. ET on Oct. 14, moved back from 5 p.m. ET on Sept. 29.

The bank concurrently announced an increase in the purchase price and is now offering $0.15 per note, versus the earlier offer for $0.10 per note.

Noteholders who already tendered their notes need not take any further action. They will receive the increased price for their tendered notes.

The offer settles on Oct. 18.

As of 5 p.m. ET on Sept. 29, noteholders had validly tendered 3,322,577 notes, representing 46.22% of the outstanding notes.

Barclays is the dealer manager for the offer (212 528-7990, etndesk@barclays.com).

D.F. King & Co., Inc is the information agent (866 796-1291, barclays@dfking.com).

Bank of New York Mellon is the tender agent (telecopy: +44 20 7964 2536, debtrestructuring@bnymellon.com).

Barclays is a banking and financial services company based in London.

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