Here are the 424B prospectus supplements from Barclays PLC (BCLYF) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BCLYF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BCLYF filings page.
Barclays PLC is issuing £750,000,000 aggregate principal amount of 8.625% fixed-rate resetting perpetual subordinated contingent convertible securities. The public price is 100.000% of principal; proceeds to Barclays PLC before expenses are £742,500,000, after 1.000% underwriting compensation.
The initial 8.625% annual rate applies from issuance to (but excluding) March 15, 2034; thereafter, the rate resets every five years to the applicable Mid-Market Swap Rate plus 4.210%. Quarterly interest is payable only to the extent it is not cancelled: Barclays PLC may cancel payments, and cancelled interest does not accumulate. The securities have no fixed maturity.
If the Group’s fully loaded CET1 Ratio falls below 7.00%, automatic conversion occurs on the Conversion Date: Barclays PLC’s obligations are released in exchange for shares, initially at a conversion price of £1.65 per share. The securities target eligible counterparties and professional clients, not retail investors in the U.K. or EEA.
Barclays PLC is issuing $1,000,000,000 of 5.674% notes due 2030, $1,250,000,000 of 5.918% notes due 2032 and $1,750,000,000 of 6.367% notes due 2037. Each series pays its stated fixed rate until its par redemption date, then a floating rate based on Compounded Daily SOFR plus a series-specific margin: 1.160%, 1.404% or 1.757%, respectively. Interest is paid semi-annually during the fixed-rate periods and quarterly during the floating-rate periods; the notes mature on November 5, 2030, November 5, 2032 and November 5, 2037, respectively.
Estimated net proceeds are $3,984,862,500 after underwriting compensation and estimated expenses of $700,000. Barclays intends to use the proceeds for general corporate purposes and/or to strengthen the capital base of the issuer, its subsidiaries and/or the Group. The unsecured, unsubordinated notes rank pari passu with Barclays’ other unsecured, unsubordinated obligations, subject to obligations preferred by law. Barclays may redeem each series under specified conditions, and holders agree to the exercise of U.K. Bail-in Power, which may reduce or cancel amounts due, convert notes, or alter maturity or interest payments.
Barclays PLC’s preliminary supplement describes a primary offering of fixed-rate resetting perpetual subordinated contingent convertible securities, with proceeds to Barclays PLC before expenses. The securities have no fixed maturity, and interest is payable only at the issuer’s discretion and may be canceled without accumulating.
If a specified capital adequacy trigger occurs, the securities automatically convert into shares, releasing the issuer’s obligations other than certain obligations related to a Conversion Shares Offer. Barclays PLC will apply for admission to the London Stock Exchange’s International Securities Market, which is designated for qualified investors.
Barclays PLC is offering four series of senior callable notes totaling $4.0 billion. The offering comprises $1,000,000,000 4.219% fixed-to-floating notes due 2030, $1,200,000,000 4.521% fixed-to-floating notes due 2032, $1,500,000,000 5.207% fixed-to-floating notes due 2037, and $300,000,000 floating rate notes due 2030. Net proceeds are estimated at $3,985,160,000 to be used for general corporate purposes and to strengthen the Group’s capital base. Fixed-to-floating series pay fixed coupons through specified Par Redemption Dates then reset to Compounded Daily SOFR plus specified margins. Notes are direct, unsecured, unsubordinated obligations ranking pari passu with other unsecured debt and will be listed on the NYSE; trading is expected to begin within 30 days of initial delivery. Purchasers agree to be bound by U.K. bail-in powers described herein.
Barclays PLC plans to issue multiple series of senior callable notes, including fixed-to-floating rate notes and floating rate notes, under its shelf registration. The fixed-to-floating notes pay a fixed coupon for an initial period, then switch to a floating rate based on Compounded Daily SOFR plus a margin.
The floating rate series pays interest at a SOFR-based rate plus a margin for its entire term. Barclays may redeem the notes at par on specified call dates, and also upon certain tax or regulatory events, subject to regulatory conditions. The notes are unsecured, unsubordinated obligations and are expected to be listed on the New York Stock Exchange.
Investors must accept extensive U.K. bail-in powers, meaning a resolution authority can reduce, cancel or convert principal and interest or change maturity and payment terms. The notes are targeted to professional and eligible counterparties under MiFID II and U.K. MiFIR, with sales to retail investors in the EEA and U.K. specifically restricted. Proceeds are intended for general corporate purposes and to further strengthen the Barclays group capital base.