Bond Factsheet
BACR 7.119% 27Jun2034 Corp (USD)
Barclays PLC
Indicative
Full Lot
Bid Price 103.400
Change in Bid Price 0.302
Bid Yield (%) 6.485 %
Change in Bid Yield 0.055
Ask Price 104.011
Change in Ask Price 0.454
Ask Yield (%) 6.374 %
Change in Ask Yield 0.082
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Barclays PLC
Guarantor
-
Announcement Date
20 Jun 2023
Issue Date
27 Jun 2023
Maturity Date
27 Jun 2034
Years to Maturity / Next Call
7.733 / 6.733
Modified Duration
5.808 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
7.119
Coupon Type
Variable
Annual Coupon Rate
7.119
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 27 Jun 2033 and every quarterly thereafter
Reset Rate: SOFRATE + Margin (3.570%)
ISIN
US06738ECH62
CUSIP
06738ECH6
Bond Currency
USD
Total Issue Size
1,500,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
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
Agreement with Respect to the Exercise of U.K. Bail-in Power
Notwithstanding and to the exclusion or any other term of the notes or any other agreements, arrangements or understandings between us and any holder or beneficial owner of the notes or the Trustee on behalf of the holders of the notes, by acquiring the notes, each holder and beneficial owner of the notes acknowledges, accepts, agrees to be bound by, and consents to, the exercise of any U.K. Bail-in Power (as defined in the accompanying prospectus) by the Relevant U.K. Resolution Authority (as defined in the accompanying prospectus) that may result in: (i) the reduction or cancellation of all, or a portion, of the principal amount of, or interest on, the notes; (ii) the conversion of all, or a portion of, the principal amount of, or interest on, the notes into shares or other securities or other obligations of the Issuer or another person (and the issue to, or conferral on, the holder or beneficial owner of the notes of such shares, securities or obligations); (iii) the cancellation of the notes and/or (iv) the amendment or alteration of the maturity of the notes, or amendment of the amount of interest due on the notes, or the dates on which interest becomes payable, including by suspending payment for a temporary period; which U.K. Bail-in Power may be exercised by means of a variation of the terms of the notes solely to give effect to the exercise by the Relevant U.K. Resolution Authority of such U.K. Bail-in Power. For more information, see the section entitled “Description of Debt Securities—Agreement with Respect to the Exercise of U.K. Bail-in Power” in the accompanying prospectus. See also “Risk Factors—Under the terms of the notes, you have agreed to be bound by the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority above.”
No repayment of the principal amount of the notes or payment of interest on the notes shall become due and payable after the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority unless such repayment or payment would be permitted to be made by the Issuer under the laws and regulations of the U.K. and the European Union applicable to the Issuer.
Upon the exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to the notes, the Issuer shall provide a written notice to DTC as soon as practicable regarding such exercise of the U.K. Bail-in Power for purposes of notifying holders of such occurrence. The Issuer shall also deliver a copy of such notice to the Trustee for information purposes. Any delay or failure by the Issuer in delivering any notice referred to in this paragraph shall not affect the validity and enforceability of the U.K. Bail-in Power.
Regulatory Event Redemption
If there is a change in the regulatory classification of the notes that occurs on or after the Issue Date and that does, or would be likely to, result in the whole or any part of the outstanding aggregate principal amount of the notes at any time being excluded from or ceasing to count towards, the Group’s Tier 2 Capital (a “Regulatory Event”), we may, at our option, at any time, redeem the notes, in whole but not in part, at an amount equal to 100% of their principal amount together with, accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the date fixed for redemption. Any redemption of notes upon the occurrence of a Regulatory Event will be subject to the provisions described under “— Notice of Redemption” and “—Condition to Redemption” in Prospectus Supplement to Prospectus dated March 1, 2021.
Issuer Call
We may, at our option, redeem the notes then outstanding, in whole but not in part, on the Par Redemption Date at an amount equal to 100% of their principal amount together with, accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) such redemption date. Such optional redemption will be subject to the provisions described under “Notice of Redemption” below and “Condition to Redemption” below.
The Par Redemption Date is June 27, 2033.
Additional Note
Subject to applicable law, no holder of notes may exercise, claim or plead any right of set-off, compensation, retention or netting in respect of any amount owed to it by us arising under, or in connection with, the notes and the Indenture and each holder of notes shall, by virtue of its holding of any notes, be deemed to have waived all such rights of set-off, compensation, retention and netting. Notwithstanding the foregoing, if any amounts due and payable to any holder of the notes by us in respect of, or arising under, the notes or the Indenture are discharged by set-off, compensation, retention or netting, such holder shall, subject to applicable law, immediately pay to us an amount equal to the amount of such discharge (or, in the event of our winding-up or administration, our liquidator or administrator, as the case may be) and, until such time as payment is made, shall hold an amount equal to such amount in trust for us (or our liquidator or administrator, as the case may be) and, accordingly, any such discharge shall be deemed not to have taken place. By its acquisition of the notes, each holder agrees to be bound by these provisions relating to waiver of set-off, compensation, retention and netting. No holder of notes shall be entitled to proceed directly against us except as described in “—Limitation on Suits” in the accompanying prospectus.
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