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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BACR
Barclays PLC£750
1EMEA
Nov 2, 2026
currency
GBP
size (m)
750.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
7.00
registration
SEC Registered
benchmark
-
ranking
Additional Tier 1
moody's
Ba1
s&p
BB+
fitch
BBB-
size description
-
re-open/tap
No
ipt
9.00% area
ipt-pxd
-37.5
guidance
8.75% area (+/-12.5)
spread
-
coupon
8.625%
spread set
-
price
100.00000
yield
8.906%
book size (m)
2,700
peak book (m)
3,000
x-covered
3.6
book attrition
-10.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,700
peak book (m)
3,000
x-covered
3.6
book attrition
-10.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2700; First Pay: 2027-03-15; Redemption: 2033-09-15; Registration: SEC Registered; Comments: Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 213800LBQA1Y9L22JB70;
Use of Proceeds
General corporate purposes of the Issuer and its subsidiaries and/or the Group and to strengthen further the capital base of the Issuer and its subsidiaries and/or the Group
Relative Value

COMPS

Ticker

Rating

Coupon

Call Date

Reset Date

Years to Reset

Bid Price

YTR (Q)

I-Sprd (A)

Reset

Size

Issue Date

BACR

Ba1/BB+/BBB-

8.375 (Q)

Sep-31

Mar-32

5.4

101.965

7.92%

343

SONIA+469.2

£1bn

May-25

NWIDE

Baa3/- /BBB-

7.875 (S/A)

Dec-31

Dec-31

5.1

100.98

7.57%

305

UKT+359.0

£700m

Jun-25

NWIDE

Baa3/- /BBB-

7.500 (S/A)

Dec-32

Dec-32

6.1

96.04

8.26%

377

UKT+267.2

£750m

Sep-26

NWG

Baa3/- /BBB

7.500 (Q)

Feb-32

Aug-32

5.8

98.81

7.76%

325

UKT+329.4

£750m

Mar-25

NWG

Baa3/- /BBB

7.625 (Q)

Sep-35

Mar-36

9.4

96.361

8.18%

360

UKT+297.1

£500m

Sep-25

NWG

Baa3/BBB-/BBB

7.500 (Q)

Jun-36

Dec-36

10.1

93.641

8.44%

386

UKT+264.8

£500m