Barclays PLC Completes $2 Billion SEC-Registered Offering of Notes

May 9, 2017

S&C client Barclays PLC completed an SEC-registered offering of $2 billion aggregate principal amount of 4.836% fixed rate subordinated notes due 2028. The subordinated notes qualify as Tier 2 capital instruments under applicable U.K. bank capital regulations.

The S&C London-based team on the public debt offering included John O’Connor, Evan Simpson and Umberto Hassan, with Eric Wang and Tessa Lee advising on tax matters.