5 January 2012
BARCLAYS BANK PLC INVITATION TO PURCHASE SECURITIES FOR CASH: ANNOUNCEMENT OF FINAL RESULTS
On 5 December 2011, Barclays Bank PLC (the "Issuer"), on behalf of the Issuer and any subsidiary or associated undertaking of the Issuer (together with the Issuer, the "BGp Companies"), invited holders of certain Securities (as set out in the table below) issued by the Issuer to tender up to £2,500,000,000 of such Securities for purchase by the relevant BGp Company (the "Offers"), subject to applicable offer and distribution restrictions.
Further to such invitation and further to the announcements by the Issuer, on behalf of the BGp Companies, dated 16 December 2011 amending the indicative timetable relating to the Offers and 20 December 2011 announcing the results as at the Early Tender Deadline, the Issuer, on behalf of the BGp Companies, hereby informs holders that, as at the Expiration Deadline for the Offers (as amended, being 11.59 p.m. (New York City time) on Wednesday 4 January 2012), the aggregate principal amount of each series of Securities validly tendered after the Early Tender Deadline and before the Expiration Deadline and to be accepted for purchase is as set out in the table below, and each such holder is entitled to receive on the Final Settlement Date, being 9 January 2012, the Purchase Price plus any Accrued Interest Payment.
The Offers - Results as at the Expiration Deadline
Acceptance Priority
Level
________
|
Title of Security
_____________________________
|
CUSIP
Numbers
______________
|
ISIN Numbers
________________
|
Principal Amount
Outstanding
________________
|
Aggregate
principal amount
accepted for
purchase at the
Early Tender
Deadline
_______________
|
Aggregate
principal
amount
accepted for
purchase
after the
Early Tender
Deadline
and at the
Expiration
Deadline
_______________
|
Total aggregate
principal amount
accepted for
purchase
_____________
|
|
1
|
US$1,000,000,000 6.86 per cent.
Callable Perpetual Core
Tier One Notes
|
06738CAG4
|
XS0155141830 /
US06738CAG42
|
US$1,000,000,000
|
US$318,967,000
|
US$20,000
|
US$318,987,000
|
|
2
|
£500,000,000 5.3304 per cent. Step-up Callable Perpetual Reserve
Capital Instruments
|
-
|
XS0248675364
|
£500,000,000
|
£413,713,000
|
£4,806,000
|
£418,519,000
|
|
3
|
£400,000,000 6 per cent. Callable Perpetual Core Tier One Notes
|
-
|
XS0150052388
|
£400,000,000
|
£309,499,000
|
£0
|
£309,499,000
|
|
4
|
£500,000,000 6.3688 per cent. Step-up Callable Perpetual Reserve
Capital Instruments
|
-
|
XS0305103482
|
£500,000,000
|
£403,100,000
|
£2,197,000
|
£405,297,000
|
|
5
|
US$1,350,000,000 5.926 per cent. Step-up Callable Perpetual Reserve
Capital Instruments
|
06739FEY3
|
XS0269453139 /
US06739FEY34
|
US$1,350,000,000
|
US$816,936,000
|
US$0
|
US$816,936,000
|
|
6
|
US$1,250,000,000 7.434 per cent. Step-up Callable Perpetual Reserve
Capital Instruments
|
06739GAD1
|
XS0322792010 / US06739GAD16
|
US$1,250,000,000
|
US$903,035,000
|
US$400,000
|
US$903,435,000
|
The Issuer also informs holders that the relevant Purchaser of Sterling Securities validly tendered and to be accepted for purchase shall be Barclays GBP Funding LLP and the relevant Purchaser of Dollar Securities validly tendered and to be accepted for purchase shall be Barclays USD Funding LLP. Each Purchaser intends to accept all Securities validly offered for purchase, subject, inter alia, to the Holders having offered for purchase the relevant Minimum Denomination of Securities and to the Maximum Offer Amount. There will be no adjustments for acceptances on a pro-rata basis.
All Securities purchased pursuant to the Offers will not be reissued or re-sold.
The Offers have now expired and no further Securities can be tendered for purchase. The Offers remain on the terms and subject to the conditions and restrictions set out in the tender offer memorandum dated 5 December 2011 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
For Further Information
A complete description of the terms and conditions of the Offers is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:
The Dealer Manager
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
Tel: +44 (0)20 7773 8990
Attention: Liability Management Group
Email: liability.management@barcap.com
Barclays Capital Inc.
745 Seventh Avenue
New York, New York 10019
Telephone: +1 (212) 528-7581
Toll Free Number: +1 (800) 438-3242
Attention: Liability Management Group
Email: liability.management@barcap.com
The Tender Agents
In respect of the Sterling Securities
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom
Tel: +44 (0)20 7704 0880
Fax: +44 (0)20 7067 9098
Attention: Thomas Choquet / Yves Theis
Email: barclays@lucid-is.com
In respect of the Dollar Securities
Global Bondholder Services Corporation
65 Broadway - Suite 404
New York, New York 10006
Banks and Brokers Call: (212) 430-3774
Toll Free Number: (866) 937-2200
Attention: Corporate Actions
Email: Info@gbsc-usa.com
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the relevant 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 Tender Offer Memorandum. No offer or invitation to acquire or exchange any securities is being made pursuant to this announcement. This announcement and the Tender Offer Memorandum contain important information, which must be read carefully before any decision is made with respect to the Offers. 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, solicitor, accountant or other independent financial adviser. Any individual or company whose Securities 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 Offers. None of the BGp Companies, the Dealer Manager, the Tender Agents, 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 Offers.