RNS No 7823r
BARCLAYS BANK PLC
2nd March 1998
                            
             ITALIAN LIRA DEBT CAPITAL ISSUE
                            


Barclays  Bank PLC has today launched a ITL  250  billion
subordinated  floating  rate  capital  issue.  The   lead
managers  to the issue are J.P. Morgan, Credito  Italiano
and Barclays Capital.

The   notes,  which  will  be  direct  unsecured   senior
subordinated obligations of Barclays Bank PLC, will  rank
pari  passu with existing dated senior subordinated  debt
and  will be issued under the terms of the bank's current
debt issuance facility.

Payment for the bonds is due 24 March 1998.  The maturity
date  is  25 March 2008 with a coupon step up and  issuer
call option after five years at par.  Application will be
made  for  the  notes to be listed on  the  London  Stock
Exchange  and the notes are expected to be rated  Aa3/AA-
by Moody's and Standard and Poor's respectively.

Commenting  on  the issue earlier today,  Barclays  Group
Treasurer, Patrick Perry, said:

"This  issue  forms  part  of our  ongoing  debt  capital
programme and counts as lower Tier 2 capital. It provides
cost  effective capital to replace recent maturities  and
repayments while lengthening the debt maturity profile".

For further information please contact:

Hugh Graham
Assistant Group Treasurer
Tel: 0171 699 2924

Ian Roundell
Senior Manager, Investor Relations
Tel: 0171 699 2961

Susan Cottam
Head of Group Public Relations
Tel: 0171 699 2658


END

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