BCS Form 25: NYSE Delisting of 5.304% Callable Notes Due 2026
Rhea-AI Filing Summary
Barclays PLC filed a Form 25 notifying the New York Stock Exchange that the class of securities described as 5.304% Fixed Rate Resetting Senior Callable Notes due 2026 will be struck from listing and/or deregistered on the NYSE. The filing states the Exchange and the issuer each certified compliance with the applicable 17 CFR 240.12d2-2 provisions. The notice is signed on behalf of the Exchange by Anthony Sozzi.
Positive
- Issuer and Exchange certified compliance with the applicable 17 CFR 240.12d2-2 provisions
- Specific security identified: 5.304% Fixed Rate Resetting Senior Callable Notes due 2026, providing clarity for affected holders
Negative
- Notes will be struck from NYSE listing, which may reduce liquidity and secondary-market transparency for holders
- Trading venue change could complicate price discovery for the specified securities
Insights
TL;DR: Delisting removes NYSE trading for Barclays' 5.304% notes due 2026, which may reduce liquidity and secondary-market visibility for holders.
The Form 25 identifies a specific debt class: 5.304% Fixed Rate Resetting Senior Callable Notes due 2026. Removal from NYSE listing means these notes will no longer trade on that exchange, potentially lowering transparency and limiting price discovery for current and prospective holders. The filing also notes compliance with 17 CFR 240.12d2-2, indicating procedural adherence by both the Exchange and issuer.
TL;DR: Filing appears procedural; both the Exchange and issuer certified they met the regulatory steps for a Form 25 removal.
The document shows the New York Stock Exchange and Barclays PLC each certified compliance with the rules governing delisting under 17 CFR 240.12d2-2. The notice is signed by an Exchange representative, suggesting the removal followed the Exchange's internal processes and the regulatory framework for voluntary withdrawal or delisting notifications.