S&C Advises Barclays PLC in $560 Million Note Purchase Following Barclays Bank PLC Tender Offer

September 30, 2016

S&C advised Barclays PLC in the purchase of approximately $560 million principal amount of notes issued by its subsidiary Barclays Bank PLC following a tender offer, which launched on September 20 and was conducted in accordance with SEC requirements for abbreviated tender offers for non-convertible debt securities. This was the fourth such tender offer conducted by Barclays and Barclays Bank in 2016.

The S&C team advising on the U.S. law matters of the tender offer was led by Mr. O'Connor, with Mr. Wang advising on U.S. tax matters.