Barclays U.S.D Financing Limited, or BUFL, a wholly-owned subsidiary of Barclays Bank PLC (BARC.LN), said Tuesday after the passing of the final expiration deadline, $340,109,000 in nominal amount of the outstanding $438,703,000, or 7.70%, undated subordinated notes issued by Barclays have been offered for exchange.

MAIN FACTS:

-BUFL has invited holders of certain existing Upper Tier 2 securities issued by Barclays to offer for exchange any or all of such securities for new Lower Tier 2 securities to be issued by Barclays in accordance with the Exchange Offer Memorandum dated June 22.

-BUFL said,

-The aggregate nominal amount of 10.179%. Fixed rate subordinated Notes due 2021 to be issued by Barclays pursuant to the exchange offer is $271,805,000.

-BUFL intends to accept all Existing Notes validly offered for exchange.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com