Barclays launches multi-tranche senior-callable Australian dollar deal

Wednesday, 12 May 2021

On 12 May, Barclays (BBB/Baa2/A) launched its multi-tranche senior-callable Australian dollar deal. The transaction includes any or all of six-year non-call five-year tranches in fixed-to-floating and floating-rate format, and an 11-year non-call 10-year tranche in fixed-to-floating rate format. Indicative price guidance is 125 and 170 basis points area over swap benchmarks.

ANZ, Barclays, Barrenjoey Capital Partners, Commonwealth Bank of Australia, Mizuho Securities, National Australia Bank, Nomura, Standard Chartered and Westpac Institutional Bank are joint lead managers. Pricing is expected on the day of launch.