BARCLAYS BANK PLC ANNOUNCES AN INVITATION TO PURCHASE SECURITIES FOR CASH
Barclays Bank PLC (the "Issuer"), on behalf of the Issuer and any subsidiary or associated undertaking of the Issuer (together with the Issuer, the "BGp Companies"), has today launched invitations to holders of certain Securities (as set out in the table below) issued by the Issuer to tender up to £2,500,000,000 of such Securities for purchase by the relevant BGp Company at the applicable Purchase Price (as set out in the table below) (the "Offers"), subject to applicable offer and distribution restrictions.
The Offers are being made on the terms and subject to the conditions and restrictions set out in a tender offer memorandum dated 5 December 2011 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Offers
Acceptance Priority Level
Title of Security
CUSIP
Numbers
ISIN Numbers
Principal Amount Outstanding
Purchase Price*
Early Tender Premium*
Early Tender Consideration*
1
US$1,000,000,000 6.86 per cent. Callable Perpetual Core Tier One Notes
06738CAG4
XS0155141830 / US06738CAG42
US$1,000,000,000
US$765
US$50
US$815
2
£500,000,000 5.3304 per cent. Step-up Callable Perpetual Reserve Capital Instruments
-
XS0248675364
£500,000,000
£650
£50
£700
3
£400,000,000 6 per cent. Callable Perpetual Core Tier One Notes
-
XS0150052388
£400,000,000
£680
£50
£730
4
£500,000,000 6.3688 per cent. Step-up Callable Perpetual Reserve Capital Instruments
-
XS0305103482
£500,000,000
£730
£50
£780
5
US$1,350,000,000 5.926 per cent. Step-up Callable Perpetual Reserve Capital Instruments
06739FEY3
XS0269453139 / US06739FEY34
US$1,350,000,000
US$795
US$50
US$845
6
US$1,250,000,000 7.434 per cent. Step-up Callable Perpetual Reserve Capital Instruments
06739GAD1
XS0322792010 / US06739GAD16
US$1,250,000,000
US$895
US$50
US$945
* per £1,000/US$1,000 in principal amount, as applicable, subject to the relevant Minimum Denomination.