Bond Factsheet
BACR 6.158% 28May2035 Corp (AUD)
Barclays PLC
Indicative
Full Lot
Bid Price 98.556
Change in Bid Price 0.371
Bid Yield (%) 6.607 %
Change in Bid Yield 0.118
Ask Price 98.820
Change in Ask Price 0.373
Ask Yield (%) 6.524 %
Change in Ask Yield 0.118
Indicative price as of 01 Oct 2026, 3:50pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Barclays PLC
Guarantor
-
Announcement Date
20 Nov 2024
Issue Date
28 Nov 2024
Maturity Date
28 May 2035
Years to Maturity / Next Call
8.658 / 3.655
Modified Duration
6.438 @ 01 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.158
Coupon Type
Variable
Annual Coupon Rate
6.158
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 28 May 2030 and every quarterly thereafter
Reset Rate: ASX Australian Bank Bill Short Term Rates 3 Month Mid + Initial Margin (2.000%)
ISIN
AU3CB0310597
CUSIP
YT3757895
Bond Currency
AUD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
AUD 250,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A
Bond Credit Rating (S&P/ Fitch)
***/ BBB+
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
UK Bail-in Power:
Notwithstanding and to the exclusion of any other term of any Series of Debt Instruments or any other agreements, arrangements or undertakings between the Issuer and any Holder, each Holder of the Debt Instruments acknowledges and accepts that the Amounts Due arising under the Debt Instruments may be subject to the exercise of any UK Bail-in Power by the UK Resolution Authority, and acknowledges, accepts, consents and agrees to be bound by: (i) the effect of the exercise of the UK Bail-in Power by the UK Resolution Authority that may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the Amounts Due; (B) the conversion of all, or a portion, of the Amounts Due in respect of the Debt Instruments into shares, other securities or other obligations of the Issuer or another person, (and the issue to, or conferral on, the Holder, of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Debt Instruments; (C) the cancellation of the Debt Instruments; and/or (D) the amendment or alteration of the maturity of the Debt Instruments, or amendment of the amount of interest payable on the Debt instruments, or the dates on which interest becomes payable, including by suspending payment for a temporary period; and (ii) the variation of the terms of the Debt Instruments, as determined by the UK Resolution Authority, to give effect to, the exercise of any UK Bail-in Power by the UK Resolution Authority.
No repayment or payment of Amounts Due in relation to the Debt Instruments will become due and payable or be paid after the exercise of any UK Bail-in Power by the UK Resolution Authority if and to the extent such amounts have been reduced, converted, written-down, cancelled, amended or altered as a result of such exercise.
An exercise of the UK Bail-in Power will not constitute an event of default or Default and shall not give rise to any acceleration rights under the Debt Instruments.
Issuer Call
However, the Issuer may only do so if:
(a) the amount of Debt Instruments to be redeemed is, or is a multiple of, their denomination specified in the relevant Supplement;
(b) the Issuer has given at least 15 days’ (or any other period specified in the Supplement) notice to the Registrar and the Holders;
(c) the proposed redemption date is an Early Redemption Date (Call) specified in the Supplement; and
(d) any other condition specified in the Supplement is satisfied.
Early Redemption Date (Call): The Interest Payment Date falling on or immediately after [28] May 2030.
Additional Note
Subject to Condition 10.10 (“Restriction on early redemption of, or purchase of, Debt Instruments”), if there is a change in the regulatory classification of the Tier 2 Capital Debt Instruments that occurs on or after the issue date of the first Tranche of the Tier 2 Capital Debt Instruments and that does, or would be likely to, result in the whole or any part of the outstanding aggregate principal amount of the Tier 2 Capital Debt Instruments at any time being excluded from or ceasing to count towards, the Tier 2 Capital of the Group (a “Regulatory Event”), the Issuer may, at its option, redeem the Tier 2 Capital Debt Instruments, in whole but not in part, at their Redemption Amount, together with any accrued but unpaid interest to (but excluding) the date fixed for redemption, provided that the Issuer provides not less than 15 days’ nor more than 60 days’ prior notice to the Registrar and the Holders of the Tier 2 Capital Debt Instruments (such notice being irrevocable) specifying the date fixed for such redemption
Prior to giving notice of redemption under this Condition 10.5, the Issuer shall deliver to the Registrar a certificate signed by two authorised signatories of the Issuer stating that the relevant circumstance referred to under this Condition 10.5 does exist. Such certificate shall be treated by the Issuer, the Holders and all other interested parties as correct, conclusive and sufficient evidence thereof.
Upon the expiry of such notice period, the Issuer shall be bound to redeem the Tier 2 Capital Debt Instruments accordingly.
No set-off:
Subject to applicable law, claims in respect of any Debt Instruments may not be set-off or be the subject of a counterclaim or netting by the Holder against or in respect of any of its obligations to the Issuer or any other person and every Holder waives any right that it might otherwise have to set-off, counterclaim or apply netting.
Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Bond Calculator
Yield Calculation
Investment Amount
Nominal Value-
Principal Amount-
Accrued Interest-
Total Payable-
Cash Flow Information