Barclays Bank PLC 6-K, filed Jun 7, 2022
Barclays Bank PLC (BWVTF)
6-K
2022-06-07
For: 2022-06-01
View Original
Added on
April 06, 2026
About this 6-K
Barclays Bank PLC filed this 6-K on June 7, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
June
01, 2022
Barclays Bank PLC
(Name
of Registrant)
1 Churchill Place
London E14 5HP
England
(Address
of Principal Executive Office)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F.
Form
20-F x Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No
x
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
This
Report on Form 6-K is filed by Barclays Bank PLC.
This
Report comprises:
Information
given to The London Stock Exchange and furnished pursuant
to
General
Instruction B to the General Instructions to Form 6-K.
EXHIBIT
INDEX
|
Exhibit
No. 1
|
Redemption
notice re Tier One Notes dated 12 May 2022
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
|
BARCLAYS
BANK PLC
|
|
|
(Registrant)
|
Date:
June 01, 2022
|
|
By: /s/
Garth Wright
--------------------------------
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|
|
Garth
Wright
|
|
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Assistant
Secretary
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Exhibit
No. 1
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
HOLDERS. If
you are in any doubt about the contents of this notice you are
recommended to seek your own professional
advice. For
distribution only (a) in the United States, to qualified
institutional buyers (as defined in Rule 144A under the United
States Securities Act of 1933, as amended (the "Securities Act")),
and (b) outside the United States to persons other than "U.S.
persons" (as defined in Regulation S of the Securities Act). Not
for release, publication or distribution in or into, or to any
person located or resident in, any other jurisdiction where it is
unlawful to release, publish or distribute this
notice.
Notice of Redemption and Cancellation of Listing to the Holders
of
Barclays Bank PLC
USD1,000,000,000 6.86 per cent. Callable Perpetual Core Tier One
Notes (ISIN: XS0155141830/US06738CAG42) of which USD178,630,000 in
principal amount is outstanding (the "6.86% TONs")
and
GBP400,000,000 6 per cent. Callable Perpetual Core Tier One Notes
(ISIN: XS0150052388) of which GBP12,539,000 in principal amount is
outstanding (the "6% TONs" and together with the 6.86% TONs, the
"TONs")
Prior to 1 January 2022, the TONs qualified as Additional Tier 1
instruments pursuant to the transitional provisions set out in
Regulation (EU) No. 575/2013 of the European Parliament and of the
Council of 26 June 2013 on prudential requirements for credit
institutions and investment firms, as it forms part of domestic law
of the United Kingdom by virtue of the European Union (Withdrawal)
Act 2018. From 1 January 2022, the TONs no longer qualify as
Additional Tier 1 instruments and, therefore, Barclays Bank PLC
(the "Company") is exercising its right to redeem the TONs as
specified in this notice.
NOTICE IS HEREBY GIVEN by
the Company to the holders of TONs, that the Company will fully
redeem all of the outstanding TONs on 15 June 2022 (the
"Redemption
Date"), in
accordance with Condition 7(d) (Exchange,
Variation or Redemption for Regulatory Purposes) of the terms and conditions of
each of the TONs (the "Conditions"),
having satisfied the applicable conditions to
redemption.
Pursuant to the Conditions, (i) the outstanding 6.86% TONs will be
redeemed on the Redemption Date at their Early Redemption Price
plus accrued but unpaid interest from, and including, 15 December
2021 to, but excluding, the Redemption Date (the
"6.86% TONs
Redemption Amount") and (ii)
the outstanding 6% TONs will be redeemed on the Redemption Date at
a price equal to 100 per cent. of their principal amount plus
accrued but unpaid interest from, and including, 15 December 2021
to, but excluding, the Redemption Date (the "6% TONs Redemption
Amount"). The Early Redemption
Price in respect of each 6.86% TONs shall be an amount equal to the
higher of (a) the denomination of such 6.86% TON and (b) the
denomination of such 6.86% TON multiplied by the price, expressed
as a percentage (rounded to three decimal places, 0.0005 being
rounded upwards), at which the gross redemption yield (as
calculated by the Calculation Agent) on the 6.86% TONs, if they
were to be purchased at such price on the third dealing day prior
to the Redemption Date, would be equal to the gross redemption
yield on such dealing day of the Reference Bond plus 1.5 per cent.,
on the basis of the middle market price of the Reference Bond
prevailing at 11.00 a.m. (New York time) on such dealing day. The
Company will provide notice to the holders of the 6.86% TONs of the
Early Redemption Price following the determination of the
same.
Payment of the 6.86% TONs Redemption Amount and the 6% TONs
Redemption Amount will be made on 15 June 2022 through the relevant
clearing systems. Pursuant to Condition 7(f) (Cancellation)
of the Conditions, all TONs so redeemed will be cancelled.
Accordingly, the listing of the TONs on the Official List of
the FCA and the admission of the TONs to trading on the Regulated
Market of the London Stock Exchange plc will be cancelled on, or
shortly after, 15 June 2022.
Terms used but not defined in this notice shall have the meanings
given to them in the Conditions.
Should any holder of the TONs have any queries in relation to this
notice of redemption 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
Barclays Bank PLC
12 May 2022
This Notice of Redemption is issued and directed only to the
holders of TONs and no other person shall, or is entitled to, rely
or act on, or be able to rely or act on, its contents, and it
should not be relied upon by any holder of TONs for any other
purpose.