Barclays revises tender deadline for iPath Bloomberg Natural Gas ETNs

By Cady Vishniac

Detroit, Jan. 15 – Barclays Bank plc updated the expiration deadline of its cash tender offer for any and all of its iPath Bloomberg Natural Gas Subindex Total Return ETNs due Aug. 14, 2036 (Cusip: 06739H644) and its simultaneous consent solicitations for holders of those notes, according to a news release.

The offer and solicitations have been extended to 5 p.m. ET on Jan. 28 from 5 p.m. ET on Jan. 14.

As of the original deadline, noteholders had validly tendered 2,102,791 ETNs, or 29.25% of outstanding notes in the series. These tenders are still valid and require no further action.

All noteholders who validly tender their notes will be deemed to have delivered their consents to amend the notes.

Settlement is now expected on Feb. 2.

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

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