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Barclays offers £750 million in perpetual subordinated convertible debt

By Public Technologies
  • Barclays to issue £750 million of fixed rate resetting perpetual subordinated contingent convertible securities.
  • The securities carry an initial annual interest rate of 8.63% until March 15, 2034.
  • Interest then resets every five years to the applicable mid-market swap rate with a 4.21-percentage-point margin, converted to a quarterly rate.
  • Issuance is scheduled for November 9, 2026, with proceeds before expenses of £742.5 million.
  • The perpetual securities are first callable from September 15, 2033; interest payments are discretionary.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barclays plc published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.

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