Barclays in $1.75 Billion Offering
May 12, 2020
May 12, 2020
Cleary Gottlieb represented Barclays Bank PLC (Barclays) in a SEC-registered offering of $1.75 billion senior notes.
The offering, a takedown from Barclays’ shelf registration statement, closed on May 12, 2020.
The offering consisted of a single tranche of fixed-rate senior notes, maturing in 2022. The notes bear fixed interest at a rate of 1.7%. The notes are subject to redemption at Barclays’ discretion upon the occurrence of certain tax events.
The notes are listed on the New York Stock Exchange.
Barclays is a British multinational investment bank, headquartered in London.