9th Mar 2016 15:30
March 9, 2016
BARCLAYS BANK PLC INVITATION TO PURCHASE NOTES FOR CASH: ANNOUNCEMENT OF RESULTS
On March 1, 2016, Barclays Bank PLC (the "Issuer") launched invitations to holders of certain notes set out in the table below (the "Notes") issued by the Issuer to tender such Notes for purchase by the Issuer (the "Offers"), subject to applicable offer and distribution restrictions.
Further to such invitations, the Issuer hereby informs the Noteholders that, as of the Expiration Deadline for the Offers (5:00 p.m. (New York City time) on March 8, 2016), the aggregate principal amount of each Series of Notes validly tendered and to be accepted for purchase (including amounts of Notes that remain subject to guaranteed delivery procedures), and the Purchase Price of each Series of Notes is as set out in the table below, and each such Noteholder is entitled to receive on the Settlement Date, expected to be March 11, 2016, the relevant Purchase Price plus any Accrued Interest Payment.
Description of Notes | CUSIP/ISIN | Aggregate Principal Amount Outstanding | Aggregate Principal Amount Accepted for Purchase | Fixed Spread (Basis Points) | Yield on Reference U.S. Treasury Security | Purchase Price per US$1,000 Principal Amount | Accrued Interest per US$1,000 Principal Amount | |||||||
2.50 per cent. Senior Notes due 2019 | 06739FHT1 / US06739FHT12 | US$725,735,000 | US$222,030,000 | 115 | 1.029% | US$1,009.09 | US$1.46 | |||||||
6.75 per cent. Senior Notes due 2019 | 06739FFS5 / US06739FFS56 | US$804,179,000 | US$142,431,000 | 125 | 1.029% | US$1,137.07 | US$20.44 | |||||||
5.125 per cent. Senior Notes due 2020 | 06739GAR0 / US06739GAR02 | US$941,279,000 | US$96,876,000 | 110 | 1.346% | US$1,097.22 | US$8.97 | |||||||
3.75 per cent. Senior Notes due 2024 | 06739FHV6 / US06739FHV67 | US$776,724,000 | US$107,901,000 | 160 | 1.829% | US$1,022.69 | US$12.08 | |||||||
Description of Notes | CUSIP/ISIN | Aggregate Principal Amount Outstanding | Aggregate Principal Amount Accepted for Purchase | Purchase Price per US$1,00 Principle Amount | Accrued Interest per US$1,000 Principal Amount | |||||||||
6.86 per cent. Callable Perpetual Core Tier One Notes | 06738CAG4 / US06738CAG42, XS0155141830 | US$569,200,000 | US$387,067,000 | US$1,157.50 | US$16.39 | |||||||||
The Issuer intends to accept all Notes validly tendered for purchase, subject, among other things, to the relevant Noteholder having tendered for purchase the relevant Minimum Denomination of Notes. All Notes purchased pursuant to the Offers will be cancelled.
The Offers have now expired and no further Notes can be tendered for purchase.
The Offers remain subject to the conditions and restrictions set out in a tender offer memorandum dated March 1, 2016 (the "Tender Offer Memorandum") and the related notice of guaranteed delivery. Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
For Further Information
A complete description of the terms and conditions of the Offers is set out in the Tender Offer Memorandum and the related notice of guaranteed delivery. Further details about the transaction can be obtained from:
The Dealer Manager
Barclays Capital Inc.745 Seventh AvenueNew York, New York 10019United StatesTelephone: +1 (212) 528-7581US Toll Free Number: +1 (800) 438-3242Attention: Liability Management GroupEmail: [email protected]
The Tender Agent
Lucid Issuer Services LimitedTankerton Works
12 Argyle Walk
London WC1H 8HA
United KingdomTelephone: +44 20 7704 0880Toll Free Number: +1 (800) 495 5148Attention: Thomas Choquet / Victor ParzyjaglaEmail: [email protected]
Analyst and Investor Information
Further information for analysts and investors can be obtained from the following contacts at Barclays:
Investor Relations
Lisa Bartrip
Tel: +44 (0) 20 7773 0708
Barclays Treasury
Miray Muminoglu
Tel: +44 (0) 20 7773 8199
Tim Allen
Tel: +44 (0) 20 3134 6290
Media Relations
Mark Lane
Tel: +1 212 412 1413
DISCLAIMER
The Dealer Manager does not take any responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Issuer, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.
Related Shares:
Barclays96ES.L