TIDM33JE
RNS Number : 1477C
Barclays Bank PLC
08 June 2023
8 June 2023
Barclays Bank PLC
Intention to redeem notes
U.S.$600,000,000 Undated Floating Rate Primary Capital Notes
ISIN: GB0000779529 (principal amount currently outstanding:
U.S.$121,230,000)
Up to U.S.$1,200,000,000 Undated Floating Rate Primary Capital
Notes Series 2 ISIN: GB0000777705 (principal amount currently
outstanding: U.S.$254,130,000)
U.S.$600,000,000 Junior Undated Floating Rate Notes ISIN:
GB0000784164 (principal amount currently outstanding:
U.S.$37,940,000)
(together, the "Notes")
Barclays Bank PLC (the "Company") announces that it intends to
redeem in full each series of Notes in accordance with their
respective terms and conditions. The Company anticipates completing
the redemption of each series of Notes on the next respective
interest payment date, falling on 26 July 2023 (in the case of the
series of Notes with ISIN GB0000779529), 31 August 2023 (in the
case of the series of Notes with ISIN GB0000777705) and 30 November
2023 (in the case of the series of Notes with ISIN
GB0000784164).
This announcement is not a formal notice of redemption in
respect of any series of Notes. Before redeeming any Notes, the
Company intends to give formal notice of redemption to the holders
thereof in accordance with the terms and conditions of the relevant
Notes.
This announcement is released by the Company and contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014 as it forms part of domestic law in the
United Kingdom by virtue of the European Union (Withdrawal) Act
2018, as amended ("UK MAR"), encompassing information relating to
the Notes.
Should any holder of Notes have any queries in relation to this
announcement please contact:
Barclays Debt Investor Relations Team
Barclays Bank PLC
1 Churchill Place
London E14 5HP
United Kingdom
+44 20 7116 1000
Email: DebtIRTeam@barclays.com
Daniel Colvin Susie Guo
Head of Debt Investor Relations Group Media Relations
Forward looking statements
This announcement contains certain forward-looking statements
within the meaning of Section 21E of the U.S. Securities Exchange
Act of 1934, as amended, and Section 27A of the U.S. Securities Act
of 1933, as amended, with respect to the Company. The Company
cautions readers that no forward-looking statement is a guarantee
of future performance and that actual results or other financial
condition or performance measures could differ materially from
those contained in the forward-looking statements. Forward-looking
statements can be identified by the fact that they do not relate
only to historical or current facts. Forward-looking statements
sometimes use words such as 'may', 'will', 'seek', 'continue',
'aim', 'anticipate', 'target', 'projected', 'expect', 'estimate',
'intend', 'plan', 'goal', 'believe', 'achieve' or other words of
similar meaning. Examples of forward-looking statements include,
among others, statements or guidance regarding or relating to the
Company's or the Company and its subsidiaries' (the "Barclays Bank
Group") future financial position, income levels, costs, assets and
liabilities, impairment charges, provisions, capital, leverage and
other regulatory ratios, capital distributions (including dividend
policy and share buybacks), return on tangible equity, projected
levels of growth in the banking and financial markets, industry
trends, any commitments and targets (including environmental,
social and governance ("ESG") commitments and targets), business
strategy, plans and objectives for future operations and other
statements that are not historical or current facts. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances.
Forward-looking statements speak only as at the date on which they
are made. Forward-looking statements may be affected by a number of
factors, including, without limitation: changes in legislation,
regulation and the interpretation thereof, changes in International
Financial Reporting Standards ("IFRS") and other accounting
standards, including practices with regard to the interpretation
and application thereof and emerging and developing ESG reporting
standards, the outcome of current and future legal proceedings and
regulatory investigations the policies and actions of governmental
and regulatory authorities, the Barclays Bank Group's ability along
with governments and other stakeholders to measure, manage and
mitigate the impacts of climate change effectively, environmental,
social and geopolitical risks and incidents and similar events
beyond the Barclays Bank Group's control, the impact of
competition; capital, leverage and other regulatory rules
applicable to past, current and future periods; UK, US, Eurozone
and global macroeconomic and business conditions, including
inflation, volatility in credit and capital markets; market related
risks such as changes in interest rates and foreign exchange rates;
higher or lower asset valuations; changes in credit ratings of any
entity within the Barclays Bank Group or any securities issued by
it; changes in counterparty risk; changes in consumer behaviour;
the direct and indirect consequences of the conflict in Ukraine on
European and global macroeconomic conditions, political stability
and financial markets; direct and indirect impacts of the
coronavirus ("COVID-19") pandemic; instability as a result of the
UK's exit from the European Union ("EU"), the effects of the EU-UK
Trade and Cooperation Agreement and any disruption that may
subsequently result in the UK and globally; the risk of
cyber-attacks, information or security breaches or technology
failures on the Barclays Bank Group's reputation, business or
operations; the Barclays Bank Group's ability to access funding;
and the success of acquisitions, disposals and other strategic
transactions. A number of these factors are beyond the Barclays
Bank Group's control. As a result, the Barclays Bank Group's actual
financial position, results, financial and non-financial metrics or
performance measures or its ability to meet commitments and targets
may differ materially from the statements or guidance set forth in
the Barclays Bank Group's forward-looking statements.
Additional risks and factors which may impact the Barclays Bank
Group's future financial condition and performance are identified
in the Company's regulatory filings with the SEC (including,
without limitation, the Company's Annual Report filed with the US
Securities and Exchange Commission (the "SEC") on Form 20-F on 15
February 2023 in respect of the year ended 31 December 2022), which
are available on the SEC's website at www.sec.gov .
Subject to the Company's obligations under the applicable laws
and regulations of any relevant jurisdiction (including, without
limitation, the UK and the U.S.), in relation to disclosure and
ongoing information, the Company undertakes no obligation to update
publicly or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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END
MSCNKFBQBBKDAAK
(END) Dow Jones Newswires
June 08, 2023 08:52 ET (12:52 GMT)
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