Description
(AWP Alliance News) - Barclays Offers GBP 750 Million of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities Barclays is issuing GBP 750 million of fixed rate resetting perpetual subordinated contingent convertible securities at 100% of principal. The securities carry an initial annual interest rate of 8.63% until March 15, 2034. The rate resets every five years thereafter to the applicable mid-market swap rate with a margin of 4.21%.
Issuance is scheduled for November 9, 2026, with proceeds before expenses of GBP 742.5 million.
https://docs.publicnow.com/7732F2E3A6542F48B9A17FF4D4FBCFD820F8B72C
Disclaimer: This news brief was created using generative artificial intelligence. Barclays plc published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.
