Barclays Bank PLC - Re Italian Lire Debt Capital
March 02 1998 - 11:49AM
UK Regulatory
RNS No 7823r
BARCLAYS BANK PLC
2nd March 1998
ITALIAN LIRA DEBT CAPITAL ISSUE
Barclays Bank PLC has today launched a ITL 250 billion
subordinated floating rate capital issue. The lead
managers to the issue are J.P. Morgan, Credito Italiano
and Barclays Capital.
The notes, which will be direct unsecured senior
subordinated obligations of Barclays Bank PLC, will rank
pari passu with existing dated senior subordinated debt
and will be issued under the terms of the bank's current
debt issuance facility.
Payment for the bonds is due 24 March 1998. The maturity
date is 25 March 2008 with a coupon step up and issuer
call option after five years at par. Application will be
made for the notes to be listed on the London Stock
Exchange and the notes are expected to be rated Aa3/AA-
by Moody's and Standard and Poor's respectively.
Commenting on the issue earlier today, Barclays Group
Treasurer, Patrick Perry, said:
"This issue forms part of our ongoing debt capital
programme and counts as lower Tier 2 capital. It provides
cost effective capital to replace recent maturities and
repayments while lengthening the debt maturity profile".
For further information please contact:
Hugh Graham
Assistant Group Treasurer
Tel: 0171 699 2924
Ian Roundell
Senior Manager, Investor Relations
Tel: 0171 699 2961
Susan Cottam
Head of Group Public Relations
Tel: 0171 699 2658
END
MSCQLFFBVXKZBKL
Cred Ag Co 22 (LSE:10JS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cred Ag Co 22 (LSE:10JS)
Historical Stock Chart
From Sep 2023 to Sep 2024