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Barclays to Fully Redeem €1 Billion Subordinated Notes and Cancel Listing

Story Highlights
  • Barclays will fully redeem its €1 billion 1.125% subordinated notes in March 2026 at par plus accrued interest.
  • The redemption will be settled on 23 March 2026, and the notes’ London listing will be cancelled around 1 April, adjusting Barclays’ capital profile.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Barclays to Fully Redeem €1 Billion Subordinated Notes and Cancel Listing

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The latest update is out from Barclays ( (GB:BARC) ).

Barclays PLC will redeem in full its €1 billion 1.125% fixed rate resetting subordinated callable notes due 2031 on 22 March 2026, exercising the optional call feature at 100% of principal plus accrued interest to, but excluding, the redemption date. Because the redemption date falls on a non-business day, payment will be made on 23 March 2026 via the clearing systems, and the notes will be delisted from the FCA’s Official List and the London Stock Exchange’s Main Market on or shortly after 1 April 2026, marking an adjustment to the bank’s outstanding capital instruments and listed debt profile.

The early redemption of these subordinated notes reflects Barclays’ active management of its capital structure, potentially aligning its funding costs and regulatory capital with evolving market and prudential requirements. The cancellation of the listing removes this instrument from public trading, affecting noteholders who will receive cash repayment and slightly reshaping the composition of Barclays’ listed debt securities universe.

The most recent analyst rating on (GB:BARC) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Barclays stock, see the GB:BARC Stock Forecast page.

Spark’s Take on GB:BARC Stock

According to Spark, TipRanks’ AI Analyst, GB:BARC is a Neutral.

The score is driven primarily by solid but cyclical financial performance (improving profitability and strong 2024–2025 cash conversion, tempered by higher leverage and revenue softness). Constructive earnings-call guidance and capital return plans support the outlook, while weak near-term technical momentum materially drags the overall score; valuation is supportive with a low P/E but only a modest dividend yield.

To see Spark’s full report on GB:BARC stock, click here.

More about Barclays

Barclays PLC is a major global financial services provider headquartered in the U.K., operating across retail, commercial, and investment banking. The group offers a broad range of banking, credit, and capital markets services, with a strong presence in European and international debt markets through frequent issuance of subordinated and senior notes.

Average Trading Volume: 41,839,224

Technical Sentiment Signal: Buy

Current Market Cap: £58.2B

For an in-depth examination of BARC stock, go to TipRanks’ Overview page.

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