18 Sep 2012 16:41
September 18, 2012
BARCLAYS BANK PLC INVITATION TO PURCHASE NOTES FOR CASH: ANNOUNCEMENT OF RESULTS
On September 10, 2012, Barclays Bank PLC (the "Issuer") launched invitations to holders of certain Notes (as set out in the table below) issued by the Issuer to tender any and all of such Notes for purchase by the Issuer (the "Offers"), subject to applicable offer and distribution restrictions.
Further to such invitations, the Issuer hereby informs the Noteholders that, as of the Expiration Deadline for the Offers (11:59 p.m. (New York City time) on Monday, September 17, 2012), the aggregate principal amount of each Series of Notes validly tendered and to be accepted for purchase, and the Purchase Price of each Series of Notes is as set out in the table below, and each such Noteholder is entitled to receive on the Settlement Date, being September 20, 2012, the relevant Purchase Price plus any Accrued Interest Payment.
Description of Notes | CUSIP/ISIN | Aggregate Principal Amount Outstanding | Aggregate Principal Amount Accepted for Purchase | Fixed Spread (Basis Points) | Yield on Reference U.S. Treasury Security | Purchase Price per US$1,000 Principal Amount | Accrued Interest per US$1,000 Principal Amount |
US$2,000,000,000 6.75 per cent. Senior Notes due 2019 | 06739F FS5 / US06739FFS56 | US$2,000,000,000 | US$402,022,000 | 145 | 1.842% | US$1,205.57 | US$22.13 |
US$3,000,000,000 5.125 per cent. Senior Notes due 2020 | 06739G AR0 / US06739GAR02 | US$2,824,000,000 | US$1,049,637,000 | 140 | 1.842% | US$1,121.48 | US$10.25 |
The Issuer intends to accept all Notes validly tendered for purchase, subject, inter alia, to the relevant Noteholder having tendered for purchase the relevant Minimum Denomination of Notes. All Notes purchased pursuant to the Offers will be cancelled.
The Offers have now expired and no further Notes can be tendered for purchase.
The Offers remain subject to the conditions and restrictions set out in a tender offer memorandum dated September 10, 2012 (the "Tender Offer Memorandum"). Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
For Further Information
A complete description of the terms and conditions of the Offers is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:
The Dealer Manager
Barclays Capital Inc.745 Seventh AvenueNew York, New York 10019United StatesTelephone: +1 (212) 528-7581US Toll Free Number: +1 (800) 438-3242Attention: Liability Management GroupEmail: liability.management@barclays.com
The Tender Agent
Global Bondholder Services Corporation65 Broadway - Suite 404New York, New York 10006United StatesBanks and Brokers Call: +1 (212) 430-3774Toll Free Number: +1 (866) 937-2200Attention: Corporate ActionsEmail: Info@gbsc-usa.com
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.
Analyst and Investor Information
Further information for analysts and investors can be obtained from the following contacts at Barclays:
Investor Relations
Charlie Rozes
Tel: +44 (0) 20 7116 5752
Barclays Treasury
Steven Penketh
Tel: +44 (0) 20 7773 0125
Media Relations
Giles Croot
Tel: +44 (0) 20 7116 6132
DISCLAIMER
The Dealer Manager does not take any responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Issuer, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.