Barclays Bank 7.7% Exchange Uptake Of Upper Tier 2 Securities
July 21 2009 - 12:27PM
Dow Jones News
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