18 Sep 2012 16:37
18 September 2012
BARCLAYS BANK PLC INVITATION TO PURCHASE NOTES FOR CASH: ANNOUNCEMENT OF RESULTS
On 10 September 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 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 (being 11.00 p.m. (London time) on Monday, 17 September 2012), the aggregate principal amount of each series of Notes validly tendered and to be accepted for purchase, and the pricing of the Offers is as set out in the table below, and each such Noteholder is entitled to receive on the Settlement Date, being 20 September 2012, the Purchase Price plus any Accrued Interest Payment.
Description of Notes | ISIN Numbers | Aggregate Principal Amount Outstanding | Aggregate Principal Amount accepted for Purchase | Benchmark Rate | Fixed Spread | Repurchase Yield | Purchase Price per €1,000 / £1,000 Principal Amount | Accrued Interest per €1,000 / £1,000 Principal Amount |
€2,000,000,000 4.875 per cent. Fixed Rate Notes due 2019 | XS0445843526 | €1,951,533,000 | €468,648,000 | 1.420% | 85 bps | 2.270% | €1,164.51 | €5.08 |
£750,000,000 5.75 per cent. Fixed Rate Notes due 2021 | XS0446381930 | £723,574,000 | £320,400,000 | 1.834% | 140 bps | 3.234% | £1,189.74 | £5.36 |
The Issuer intends to accept all Notes validly offered for purchase, subject, inter alia, to the Noteholders having offered 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 10 September 2012 (the "Tender Offer Memorandum"). Capitalised 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 Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
Tel: +44 (0)20 7773 8990
Attention: Liability Management GroupEmail: liability.management@barclays.com
The Tender Agent
Lucid Issuer Services Limited
Leroy House436 Essex Road
London N1 3QP
United Kingdom
Tel: +44 20 7704 0880
Fax: +44 20 7067 9098
Attention: Thomas Choquet / Yves Theis
Email: barclays@lucid-is.com
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.
Analyst and Investor Information
Further information for analysts and investors can be obtained from the following contacts at Barclays:
Investor Relations
Charlie Rozes
Tel: +44 (0)20 7116 5752
Barclays Treasury
Steven Penketh
Tel: +44 (0)20 7773 0125
Media Relations
Giles Croot
Tel: +44 (0)20 7116 6132
DISCLAIMER
The Dealer Manager does not take responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any Notes 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.
38AK.L (38AK)