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Barclays calls dollar, sterling perpetual tier 1 notes
Chicago, May 12 – Barclays plc issued a notice of redemption for its 6.86% callable perpetual core tier 1 notes (ISINs: XS0155141830, US06738CAG42) and its 6% callable perpetual core tier 1 notes (ISIN: XS0150052388).
There are $178.63 million of the original $1 billion outstanding for the 6.86% notes and £12,539,000 of the original £400 million of the 6% notes outstanding.
The notes no longer qualify as additional tier 1 instruments as of Jan. 1. Therefore, Barclays is exercising its right to redeem the notes.
The bank will redeem all the notes on June 15.
The dollar notes will be redeemed at a redemption price that will be calculated at 11 a.m. ET three trading days before the redemption date.
The sterling notes will be called at par.
In both cases, unpaid interest will be paid to the redemption date.
After the notes are redeemed, they will be canceled and will no longer trade on the London Stock Exchange plc.
Barclays is a London-based multinational investment bank and financial services company.
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