Barclays Bank PLC Tender Offer: Announcement of Reference Yields
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130408:nBw086573a http://www.businesswire.com/news/home/20130408006573/en LONDON--(Business Wire)-- On March 26, 2013, Barclays Bank PLC (the "Issuer") announced a cash tender offer (the "Tender Offer") to holders of the notes listed in the table below (the "Notes"), subject to the terms and conditions set forth in an offer to purchase dated March 26, 2013, as amended by the Issuer`s announcement on April 3, 2013 that it decreased the maximum aggregate principal amount of Notes the Issuer will accept in the Tender Offer (the "Tender Cap") from US$1,000,000,000 to US$850,000,000 (the "Offer to Purchase"). Further to the Tender Offer, the Issuer hereby informs the holders of the Notes that the Reference Yield for each series of Notes has been calculated by the Dealer Manager in the manner described in the Offer to Purchase at 2:00 p.m., New York City time, today, April 8, 2013 and is set forth in the table below: Title of Security CUSIP/ISIN UST Reference Reference Yield Security $2,250,000,000 6.05% Fixed 06739G AE9 / 0.750% U.S. Treasury 0.677% Rate Subordinated Notes due US06739GAE98 / Note due 2/28/2018 2017 XS0334249223 $1,250,000,000 5.140% 06739G BP3 / 2.000% U.S. Treasury 1.729% Lower Tier 2 Notes due US06739GBP37 Note due 2/15/2023 October 2020 The Early Participation Deadline remains 5:00 p.m., New York City time, today, April 8, 2013, unless extended, and the Early Payment Date is expected to be on or about April 9, 2013. The expected timetable of events in respect of the Tender Offer is unchanged from the times and dates set forth in the Offer to Purchase. Notes validly tendered prior to the Early Participation Deadline, including any Notes tendered prior to this announcement, may be withdrawn by or on behalf of a holder at any time prior to the Early Participation Deadline, but not thereafter, by delivering a written notice of withdrawal, or a facsimile of one, with the required information as set forth in the Offer to Purchase to the Tender Agent prior to the Early Participation Deadline. Notes tendered after the Early Participation Deadline but prior to the Expiration Deadline may be withdrawn by or on behalf of a holder any time prior to 5:00 p.m., New York City time, on April 25, 2013, unless extended (the "Withdrawal Deadline"), but not thereafter, by delivering a written notice of withdrawal, or a facsimile of one, with the required information as set forth in the Offer to Purchase to the Tender Agent prior to the Withdrawal Deadline. Holders are advised to carefully read the Offer to Purchase for full details of, and information on the procedures for participating in, the Tender Offer. Capitalized terms used and not otherwise defined in this announcement have the meanings given to them in the Offer to Purchase. For Further Information A complete description of the terms and conditions of the Tender Offer is set forth in the Offer to Purchase. Further details about the transaction can be obtained from: The Dealer Manager Barclays Capital Inc. 745 Seventh Avenue New York, New York 10019 United States Telephone: +1 (212) 528-7581 US Toll Free Number: +1 (800) 438-3242 Attention: Liability Management Group Email: email@example.com The Tender Agent Global Bondholder Services Corporation 65 Broadway - Suite 404 New York, New York 10006 United States Banks and Brokers Call: +1 (212) 430-3774 Toll Free Number: +1 (866) 470-4200 Facsimile: +1 (212) 430-3775/3779 Attention: Corporate Actions Email: Info@gbsc-usa.com A copy of the Offer to Purchase 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 This announcement must be read in conjunction with the Offer to Purchase. No offer or invitation to acquire or exchange any securities is being made pursuant to this announcement. This announcement and the Offer to Purchase contain important information, which must be read carefully before any decision is made with respect to the Tender Offer. If any holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax and financial advice, including as to any tax consequences, from its stockbroker, bank manager, lawyer, accountant or other independent financial adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to participate in the Tender Offer. None of the Issuer, the Dealer Manager or the Tender Agent (or any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons) makes any recommendation as to whether holders should participate in the Tender Offer. General Neither this announcement, the Offer to Purchase nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes for purchase pursuant to the Tender Offer will not be accepted from holders) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the Notes, blue sky or other laws require the Tender Offer to be made by a licensed broker or dealer and the Dealer Manager or any of its affiliates is such a licensed broker or dealer in any such jurisdiction, the Tender Offer shall be deemed to be made by such Dealer Manager or such affiliate, as the case may be, on behalf of the Issuer in such jurisdiction. In addition, each holder participating in the Tender Offer will be deemed to give certain representations in respect of the other jurisdictions referred to below and generally as set out in "Procedures for Participating in the Tender Offer" in the Offer to Purchase. Any tender of Notes for purchase pursuant to the Tender Offer from a holder that is unable to make these representations will not be accepted. United Kingdom The communication of this announcement, the Offer to Purchase and any other documents or materials relating to the Tender Offer is not being made, and such documents and/or materials have not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons who are within Article 43(2) of the Financial Promotion Order or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order (such persons together being the "Relevant Persons"). The Tender Offer is only available to Relevant Persons and the transactions contemplated in the Offer to Purchase will be available only to, or engaged in only with, Relevant Persons, and this financial promotion must not be relied or acted upon by persons other than Relevant Persons. France The Tender Offer is not being made, directly or indirectly, to the public in the Republic of France ("France"). Neither this announcement, the Offer to Purchase nor any other documents or materials relating to the Tender Offer have been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d`investissement de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés) other than individuals, in each case acting on their own account and all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 to D.411-3 of the French Code Monétaire et Financier, are eligible to participate in the Tender Offer. The Offer to Purchase and any other document or material relating to the Tender Offer have not been and will not be submitted for clearance to nor approved by the Autorité des marchés financiers. Italy None of the Tender Offer, this announcement, the Offer to Purchase or any other documents or materials relating to the Tender Offer has been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB") pursuant to Italian laws and regulations. The Tender Offer is being carried out in the Republic of Italy ("Italy") as exempted offers pursuant to article 101-bis, paragraph 3-bis of Legislative Decree No. 58 of 24 February 1998, as amended (the "Financial Services Act") and article 35-bis of CONSOB Regulation No. 11971 of 14 May 1999, as amended (the"CONSOB Regulation"). The Tender Offer is also being carried out in compliance with article 35-bis, paragraph 7 of the CONSOB Regulation. Holders, or beneficial owners of the Notes, located in Italy can tender some or all of their Notes pursuant to the Tender Offer through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007, as amended from time to time, and Legislative Decree No. 385 of September 1, 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority. Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or the Tender Offer. Barclays Bank PLC Investor Relations Charlie Rozes, +44 (0) 20 7116 5752 or Barclays Treasury Steven Penketh, +44 (0) 20 7773 0125 or Media Relations Giles Croot, +44 (0) 20 7116 6132 Copyright Business Wire 2013
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