Category: Markets
Published: 2026-06-22T16:38:17.000Z
Barclays PLC has issued $4.5 billion in senior callable fixed-to-floating rate notes across three tranches maturing in 2030, 2032, and 2037. The notes carry initial fixed interest rates that convert to a floating rate based on compounded daily SOFR plus a margin after their respective Par Redemption Dates. Proceeds from the offering, estimated at $4.483 billion, will be used for general corporate purposes and to strengthen the company's capital base, with holders acknowledging that the notes are subject to potential U.K. Bail-in Power.
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