The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Barclays Bank PLC Invitation to Purchase Notes for Cash: Announcement of Results

Tuesday, September 18, 2012

Barclays Bank PLC Invitation to Purchase Notes for Cash: Announcement of Results11:50 EDT Tuesday, September 18, 2012 LONDON (Business Wire) -- On September 10, 2012, Barclays Bank PLC (the “Issuer”) launched invitations to holders of certain Notes (as set out in the table below) issued by the Issuer to tender any and all of 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 (11:59 p.m. (New York City time) on Monday, September 17, 2012), the aggregate principal amount of each Series of Notes validly tendered and to be accepted for purchase, 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, being September 20, 2012, the relevant Purchase Price plus any Accrued Interest Payment.         Fixed   Yield on   Purchase Price   Accrued Interest Aggregate Aggregate Principal Spread Reference per US$1,000 per US$1,000 Description of Principal Amount Amount Accepted (Basis U.S. Treasury Principal Principal Notes CUSIP/ISIN Outstanding for Purchase Points) Security Amount Amount US$2,000,000,000 6.75 per cent. Senior Notes due 2019 06739F FS5 /US06739FFS56 US$2,000,000,000 US$402,022,000 145 1.842% US$1,205.57 US$22.13 US$3,000,000,000 5.125 per cent. Senior Notes due 2020 06739G AR0 /US06739GAR02 US$2,824,000,000 US$1,049,637,000 140 1.842% US$1,121.48 US$10.25 The Issuer intends to accept all Notes validly tendered for purchase, subject, inter alia, 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 September 10, 2012 (the “Tender Offer Memorandum”). 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. 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: liability.management@barclays.com     The Tender Agent   Global Bondholder Services Corporation 65 Broadway – Suite 404 New York, New York 10006 United States Banks and Brokers Call: +1 (212) 430-3774 Toll Free Number: +1 (866) 937-2200 Attention: Corporate Actions Email: Info@gbsc-usa.com   A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent. 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. Analyst and Investor InformationFurther information for analysts and investors can be obtained from the following contacts at Barclays:Investor RelationsCharlie Rozes, +44 (0) 20-7116-5752orBarclays TreasurySteven Penketh, +44 (0) 20-7773-0125orMedia RelationsGiles Croot, +44 (0) 20-7116-6132