Bond Factsheet
Marketplace
BACR 8.000% Perpetual Corp (AUD)
Barclays PLC
Full Lot
Bid Price 100.250
Change in Bid Price 2.250
Bid Yield (%) 7.944 %
Change in Bid Yield 0.478
Bid Volume 250,000
Ask Price 100.600
Change in Ask Price 1.900
Ask Yield (%) 7.867 %
Change in Ask Yield 0.401
Ask Volume 250,000
Price as of 07 Oct 2026, 9:48pm
Odd Lot
Bid Price 100.400
Change in Bid Price 0.500
Bid Yield (%) 7.911 %
Change in Bid Yield 0.109
Bid Volume 51,000
Ask Price 100.700
Change in Ask Price 0.200
Ask Yield (%) 7.845 %
Change in Ask Yield 0.043
Ask Volume 200,000
Price as of 07 Oct 2026, 7:16pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Barclays PLC
Guarantor
-
Announcement Date
20 May 2026
Issue Date
28 May 2026
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 5.691
Modified Duration
4.516 @ 06 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
8.000
Coupon Type
Variable
Annual Coupon Rate
8.000
Coupon Frequency
Quarterly
Seniority
Junior Subordinated
Capital Structure
Additional Tier 1
Reference Rate
Reset Date: 15 December 2032 and every fifth years thereafter
Reset Rate: Applicable Mid-Market Swap Rate + Initial Margin (3.263%)
ISIN
XS3298830863
CUSIP
DK8999023
Bond Currency
AUD
Total Issue Size
1,000,000,000
Min. Investment Quantity (Nominal)
AUD 250,000
Incremental Quantity (Nominal)
AUD 1,000
Bond Type
High Yield 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
Bail-In
Automatic Conversion Upon Trigger Event
If a Capital Adequacy Trigger Event occurs, an Automatic Conversion of the Securities will occur on the Conversion Date, at which point all of the Issuer’s obligations under the Securities (other than the Conversion Shares Offer obligations, if any) shall be irrevocably and automatically released in consideration of the Issuer’s issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the Conversion Date at a conversion price of AUD 3.11 per Conversion Share, subject to certain anti-dilution adjustments (as defined in the Offering Circular)
Conversion Shares Offer
Not later than 10 business days following the Conversion Date, the Issuer may elect, in its sole and absolute discretion, that a Conversion Shares Offer of all or some of the Conversion Shares be made by the Conversion Shares Depository to all or some of the ordinary shareholders of the Issuer, at a cash price of £1.65 per Conversion Share (subject to certain anti-dilution adjustments). Thereafter, Holders will receive Conversion Shares, cash or a combination of both. On the Issue Date, the Conversion Price is equivalent to the Conversion Shares Offer Price translated into Australian dollars at an exchange rate of £1.00 = A$1.886
Capital Adequacy Trigger Event
A “Capital Adequacy Trigger Event” shall occur if at any time the fully loaded CET1 Ratio (as defined in the Offering Circular) is less than 7.00%. Whether a Capital Adequacy Trigger Event has occurred at any time shall be determined by the Issuer and such determination shall be binding on the Trustee and the Holders
Recognition of UK Bail-in Power
(a) Agreement and Acknowledgement with Respect to the Exercise of the UK Bail-in Power Notwithstanding and to the exclusion of any other term of the Securities or any other agreements, arrangements, or understandings between the Issuer and any Holder (or the Trustee on behalf of the Holders), by its acquisition of the Securities, each Holder acknowledges and accepts that the Relevant Amounts arising under the Securities may be subject to the exercise of the UK Bail-in Power by the 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 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 Relevant Amounts;
(B) the conversion of all, or a portion, of the Relevant Amounts on the Securities 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 Securities;
(C) the cancellation of the Securities;
(D) the amendment or alteration of the maturity, if any, of the Securities, or the amendment of the amount of interest that may be payable on the Securities, or the date on which the interest may become payable, including by suspending payment for a temporary period;
(ii) the variation of the terms of the Securities, if necessary, to give effect to the exercise of the UK Bail-in Power by the Resolution Authority.
Deferral Interest Payment
(a) Interest payments discretionary
Interest on the Securities is due and payable only at the sole discretion of the Issuer, and the Issuer shall have sole and absolute discretion at all times and for any reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any Interest Payment Date. If the Issuer does not make an interest payment on the relevant Interest Payment Date (or if the Issuer elects to make a payment of a portion, but not all, of such interest payment), such non-payment shall evidence the Issuer's exercise of its discretion to cancel such interest payment (or the portion of such interest payment not paid), and accordingly such interest payment (or the portion thereof not paid) shall not be due and payable.
If the Issuer provides notice to cancel a portion, but not all, of an interest payment and the Issuer subsequently does not make a payment of the remaining portion of such interest payment on the relevant Interest Payment Date, such non-payment shall evidence the Issuer's exercise of its discretion to cancel such remaining portion of the interest payment, and accordingly such remaining portion of the interest payment shall also not be due and payable.
(b) Restriction on interest payments
(i) Subject to the extent permitted in paragraph 4(b)(ii) below, the Issuer shall not make an interest payment on the Securities on any Interest Payment Date (and such interest payment shall therefore be deemed to have been cancelled and thus shall not be due and payable on such Interest Payment Date) if:
(A) the Issuer has an amount of Distributable Items on such Interest Payment Date that is less than the sum of (i) all distributions or interest payments made or declared by the Issuer since the end of the last financial year and prior to such Interest Payment Date on or in respect of any Parity Securities, the Securities and any Junior Securities and (ii) all distributions or interest payments payable by the Issuer (and not cancelled or deemed cancelled) on such Interest Payment Date (x) on the Securities and (y) on or in respect of any Parity Securities, in the case of each of (i) and (ii), excluding any payments already accounted for in determining the Distributable Items; or
(B) the Solvency Condition is not satisfied in respect of such interest payment.
(ii) The Issuer may, in its sole discretion, elect to make a partial interest payment on the Securities on any Interest Payment Date, only to the extent that such partial interest payment may be made without breaching the restrictions set out in paragraph 4(b)(i) above.
The Issuer shall be responsible for determining compliance with this paragraph (b) (Restriction on interest payments) and neither the Trustee nor any Agent shall be required to monitor such compliance or to perform any calculations in connection therewith.
(c) Agreement to interest cancellation
By subscribing for, purchasing or otherwise acquiring the Securities, Holders acknowledge and agree that:
(i) interest is payable solely at the discretion of the Issuer, and no amount of interest shall become due and payable in respect of the relevant interest period to the extent that it has been (x) cancelled (in whole or in part) by the Issuer at its sole discretion and/or (y) deemed cancelled (in whole or in part) as a result of the Issuer having insufficient Distributable Items or failing to satisfy the Solvency Condition; and
(ii) a cancellation or deemed cancellation of interest (in each case, in whole or in part) in accordance with these Conditions shall not constitute a default in payment or otherwise under the terms of the Securities.
Issuer Call
At price of 100% of principal amount, in whole but not in part, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled), on (i) any day falling in the period commencing on (and including) 15 June 2032 and ending on (and including) the First Reset Date or (ii) any day falling in the period commencing on (and including) the date that is six months before any subsequent Reset Date and ending on (and including) such Reset Date, subject to certain conditions (as more fully described in the Offering Circular).
Additional Note
At a price of 100% of principal amount, in whole but not in part, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled) to (but excluding) the date fixed for redemption, if there is a change in the regulatory classification of the Securities that occurs on or after the issue date of the Securities, that does, or would be likely to, result in the whole or any part of the outstanding aggregate principal amount of the Securities at any time being excluded from, or ceasing to count towards, the Group’s Tier 1 Capital, subject to certain conditions (as more fully described in the Offering Circular)
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