On January 4, 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 January 11, 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 January 14, 2016, the relevant Purchase Price plus any Accrued Interest Payment.
Description of | CUSIP/ISIN |
Aggregate Principal |
Aggregate Principal |
Fixed |
Yield on |
Purchase Price |
Accrued | ||||||||||||||
2.50 per cent. |
06739FHT1 / | US$2,000,000,000 | $1,277,324,000 | 60 | 1.171% | $1,021.89 | $10.00 | ||||||||||||||
6.75 per cent. |
06739FFS5 / | US$1,597,978,000 | $795,113,000 | 70 | 1.171% | $1,157.94 | $9.75 | ||||||||||||||
5.125 per |
06739GAR0 / | US$1,774,363,000 | $835,886,000 | 40 | 1.566% | $1,120.46 | $0.85 | ||||||||||||||
3.75 per cent. |
06739FHV6 / | US$2,250,000,000 | $1,474,260,000 | 95 | 2.147% | $1,047.62 | $6.15 | ||||||||||||||
*These amounts include $3,259,000 aggregate principal amount of the 2.50 per cent. Senior Notes due 2019, $1,414,000 aggregate principal amount of the 6.75 per cent. Senior Notes due 2019, $3,256,000 aggregate principal amount of the 5.125 per cent. Senior Notes due 2020 and $984,000 aggregate principal amount of the 3.75 per cent. Senior Notes due 2024 that remain subject to guaranteed delivery procedures.
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 January 4, 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 Avenue
New York, New
York 10019
United States
Telephone: +1 (212) 528-7581
US
Toll Free Number: +1 (800) 438-3242
Attention: Liability Management
Group
Email: us.lm@barclays.com
The Tender Agent
Lucid Issuer Services Limited
Tankerton Works
12 Argyle
Walk
London WC1H 8HA
United Kingdom
Telephone: +44 20
7704 0880
Toll Free Number: +1 (800) 495 5148
Attention:
Thomas Choquet / Victor Parzyjagla
Email: barclays@lucid-is.com
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.
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Contacts:
Further information for
analysts and investors can be obtained from the following contacts at
Barclays:
Investor Relations
Lisa Bartrip, +44 (0) 20
7773 0708
or
Barclays Treasury
Miray Muminoglu,
+44 (0) 20 7773 8199
Tim Allen, +44 (0) 20 3134 6290
or
Media
Relations
Mark Lane, +1 212 412 1413