New Issue: Barclays Bank prices $1 billion 2.5% five-year Rule 144A covered bonds

By Andrea Heisinger

New York, Sept. 14 - Barclays Bank plc sold $1 billion of 2.5% five-year covered bonds late on Tuesday to yield 109.5 basis points over Treasuries, or mid-swaps plus 90 bps, an informed source said.

The notes (Aaa/AAA/) priced at 99.883 to yield 2.525%. They were sold under Rule 144A and are non-callable.

Barclays Capital Inc., BNP Paribas Securities, Citigroup Global Markets and UBS Investment Bank were the bookrunners.

The financial services company is based in London.

Issuer:	Barclays Bank plc
Issue:	Covered bonds
Amount:	$1 billion
Maturity:	Sept. 21, 2015
Bookrunners:	Barclays Capital Inc., BNP Paribas Securities, Citigroup Global Markets, UBS Investment Bank
Coupon:	2.5%
Price:	99.883
Yield:	2.525%
Spread:	Treasuries plus 109.5 bps, mid-swaps plus 90 bps
Call:	Non-callable
Distribution:	Rule 144A
Trade date:	Sept. 14
Settlement date:	Sept. 21
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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