New bond issue: Barclays issued international bonds for USD 1,500.0m with a 7.875% until 31.08.2016, then 5Y USD Swap Rate + 6.772% coupon.

August 25, 2016 - Cbonds

 

Barclays issued international bonds for USD 1,500.0m with a 7.875% until 31.08.2016, then 5Y USD Swap Rate + 6.772% coupon. Bonds were sold at a price of 99.996% with an initial yield of 7.875%.
Share:
Issuer, issue numberBarclays, 7.875% perp., USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount1,500,000,000
ISINXS1481041587
End of placement08/24/2016
Initial issue price99.996
Yield at pricing7.875
Coupon7.875% until 31.08.2016, then 5Y USD Swap Rate + 6.772%
Coupon frequency4 time(s) per year
Settlement date08/31/2016
Issue ManagersBookrunner: Barclays, Danske Bank, Deutsche Bank, ING Wholesale Banking London, Morgan Stanley, Banco Santander, ScotiaBank, SMBC Nikko Capital, Societe Generale, UBS, Wells Fargo
Trading floorSIX
Cbonds page: Barclays
Issuer profile:

Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers. Barclays is organised into four core business: Personal & Corporate (Personal Banking, Corporate Banking, Wealth & Investment Management), Barclaycard, Investment Banking and Africa.

Outstanding issues:
1 issuesRUB2,000,000,000
71 issuesUSD55,086,737,450
73 issuesEUR26,594,062,000
104 issuesGBP23,205,248,990
3 issuesJPY76,000,000,000
1 issuesSEK15,000,000
1 issuesTRY260,000,000
Issuer rating:
Moody's Investors ServiceBaa2/NegativeLT- foreign currency12/12/2016
Moody's Investors ServiceBaa2/NegativeLT- local currency12/12/2016
S&P Global RatingsBBB/NegativeForeign Currency LT07/07/2016
S&P Global RatingsBBB/NegativeLocal Currency LT07/07/2016
Fitch RatingsA/StableLT Int. Scale (foreign curr.)12/13/2016