Barclays Bank calls $75 million 5.25%, $70 million 5% notes due 2025

By Melissa Kory

Cleveland, June 27 - Barclays Bank plc said it redeemed $145 million of step-up fixed-rate callable notes due June 25, 2025, including $75 million of 5.25% notes (Cusip: 06740L7F6) and $70 million of 5% notes (Cusip: 06740PAC0).

The series A global medium-term notes were redeemed on June 27 at par plus accrued interest to the redemption date.

Barclays originally priced $500,000 of the 5.25% notes and $500,000 of the 5% notes on June 8 and upsized the issues before the settlement date, which was June 25, 2010. The notes became callable on June 25.

The interest rate was scheduled to increase to 6% on June 25, 2015 for both series.

Bank of New York Mellon was the redemption agent.

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