Barclays (NYSE: BCS) calls $2B 5.829% notes maturing 2027
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Barclays PLC is redeeming its $2,000,000,000 5.829% Fixed‑to‑Floating Rate Resetting Senior Callable Notes due 2027 in full. The outstanding notes will be redeemed at 100% of principal plus accrued but unpaid interest from November 9, 2025 to, but excluding, May 9, 2026.
Because May 9, 2026 is not a business day, payment of the redemption price will be made on May 11, 2026, and the New York Stock Exchange listing of the notes will be cancelled on or shortly after that date. From the par redemption date, interest will cease to accrue and holders will only retain the right to receive the redemption price.
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Key Figures
Notes principal: $2,000,000,000
Coupon rate: 5.829%
Redemption price: 100% of principal plus accrued interest
+2 more
5 metrics
Notes principal
$2,000,000,000
Principal amount of 5.829% senior callable notes due 2027
Coupon rate
5.829%
Fixed-to-Floating Rate on senior callable notes
Redemption price
100% of principal plus accrued interest
Amount payable on redemption of notes
Par redemption date
May 9, 2026
Date from which interest ceases to accrue
Payment date
May 11, 2026
Next business day when redemption price is paid
Key Terms
Fixed-to-Floating Rate Resetting, Senior Callable Notes, Redemption Price, Par Redemption Date, +1 more
5 terms
Fixed-to-Floating Rate Resetting financial
"5.829% Fixed-to-Floating Rate Resetting Senior Callable Notes due 2027"
Senior Callable Notes financial
"$2,000,000,000 5.829% Fixed-to-Floating Rate Resetting Senior Callable Notes due 2027"
Redemption Price financial
"to, but excluding, the Par Redemption Date (the “Redemption Price”)"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
Par Redemption Date financial
"will be redeemed on May 9, 2026 (the “Par Redemption Date”)"
Paying Agent financial
"deposit with the Trustee or with a Paying Agent an amount of money sufficient"
A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.
FAQ
What securities is Barclays PLC (BCS) redeeming in this 6-K?
Barclays PLC is redeeming its $2,000,000,000 5.829% Fixed-to-Floating Rate Resetting Senior Callable Notes due 2027. These notes were issued under its senior debt securities indenture and will be taken off the market and delisted following completion of the redemption process.
When will Barclays’ $2,000,000,000 5.829% notes be redeemed?
The notes are scheduled for redemption on May 9, 2026, referred to as the par redemption date. Because that day is not a business day, payment of the redemption price will instead be made on May 11, 2026, the next succeeding business day for settlement.
What price will holders of Barclays’ 5.829% notes receive at redemption?
Holders will receive a redemption price equal to 100% of the principal amount of their notes plus accrued but unpaid interest from November 9, 2025 to, but excluding, May 9, 2026. After that par redemption date, interest on the notes will stop accruing for investors.
When will Barclays’ 5.829% senior notes be delisted from the NYSE?
The listing of the notes on the New York Stock Exchange will be cancelled on, or shortly after, May 11, 2026. That timing aligns with payment of the redemption price, after which the notes will no longer be outstanding or traded on the exchange.
Where can holders of Barclays’ 5.829% notes surrender them for payment?
Holders may surrender notes and obtain payment at The Bank of New York Mellon, 160 Queen Victoria Street, London EC4V 4LA, United Kingdom. The notice lists Corporate Trust Administration as the contact point, with telephone, email and fax details provided for noteholder inquiries.
What happens to interest and holder rights after Barclays funds the redemption?
On the par redemption date, the redemption price becomes due and interest stops accruing on the notes. Once Barclays deposits sufficient funds with the trustee or paying agent, all other rights of holders cease, leaving only the right to receive the redemption price without additional interest.