Barclays 2014 Annual Report Download - page 319

barclays.com/annualreport Barclays PLC Annual Report 2014 I 317
30 Subordinated liabilities continued
Dated subordinated liabilities
Subordinated liabilities
per balance sheet
Initial
call date
Maturity
date
2014
£m
2013
£m
Barclays PLC issued
4.375% Fixed Rate Subordinated Notes (US$1,250m) 2024 810 –
Barclays Bank PLC issued
Callable Fixed/Floating Rate Subordinated Notes (€1,000m) 2014 2019 – 866
4.38% Fixed Rate Subordinated Notes (US$75m) 2015 49 49
4.75% Fixed Rate Subordinated Notes (US$150m) 2015 98 97
5.14% Lower Tier 2 Notes (US$1,094m) 2015 2020 767 706
6.05% Fixed Rate Subordinated Notes (US$1,556m) 2017 1,102 1,073
Floating Rate Subordinated Notes (€40m) 2018 31 33
6% Fixed Rate Subordinated Notes (€1,750m) 2018 1,462 1,554
CMS-Linked Subordinated Notes (€100m) 2018 82 87
CMS-Linked Subordinated Notes (€135m) 2018 109 116
Fixed/Floating Rate Subordinated Callable Notes 2018 2023 565 570
7.75% Contingent Capital Notes (US$1,000m) 2018 2023 640 603
Floating Rate Subordinated Notes (€50m) 2019 38 41
6% Fixed Rate Subordinated Notes (€1,500m) 2021 1,338 1,356
9.5% Subordinated Bonds (ex-Woolwich plc) 2021 306 306
Subordinated Floating Rate Notes (€100m) 2021 77 82
10% Fixed Rate Subordinated Notes 2021 2,363 2,265
10.179% Fixed Rate Subordinated Notes (US$1,521m) 2021 1,062 991
Subordinated Floating Rate Notes (€50m) 2022 39 42
6.625% Fixed Rate Subordinated Notes (€1,000m) 2022 947 957
7.625% Contingent Capital Notes (US$3,000m) 2022 1,856 1,649
Subordinated Floating Rate Notes (€50m) 2023 39 42
5.75% Fixed Rate Subordinated Notes 2026 828 742
5.4% Reverse Dual Currency Subordinated Loan (Yen 15,000m) 2027 74 74
6.33% Subordinated Notes 2032 62 55
Subordinated Floating Rate Notes (€100m) 2040 78 83
Absa Bank Limited issued
8.8% Subordinated Fixed Rate Callable Notes (ZAR 1,725m) 2014 2019 – 102
6.00% CPI-linked Subordinated Callable Notes (ZAR 3,000m) 2014 2019 – 228
8.1% Subordinated Callable Notes (ZAR 2,000m) 2015 2020 114 121
10.28% Subordinated Callable Notes (ZAR 600m) 2017 2022 34 35
Subordinated Callable Notes (ZAR 400m) 2017 2022 22 23
Subordinated Callable Notes (ZAR 1,805m) 2017 2022 101 105
Subordinated Callable Notes (ZAR 2,007m) 2018 2023 112 116
8.295% Subordinated Callable Notes (ZAR 1,188m) 2018 2023 64 69
Subordinated Callable Notes (ZAR 370m) 2019 2024 21 –
Subordinated Callable Notes (ZAR 130m) 2019 2024 7 –
5.50% CPI-linked Subordinated Callable Notes (ZAR 1,500m) 2023 2028 109 107
Other capital issued by Barclays Africa and Japan 2014-2018 107 223
Total dated subordinated liabilities 15,513 15,568
Dated loan capital
Dated loan capital is issued by the Company, the Bank and respective subsidiaries for the development and expansion of their business and to
strengthen their respective capital bases. The principal terms of the dated loan capital are described below:
Subordination
Dated loan capital issued by the Company ranks behind the claims against the Company of unsecured unsubordinated creditors but before the
claims of the holders of its equity.
All dated loan capital issued by the Bank ranks behind the claims against the Bank of depositors and other unsecured unsubordinated creditors
but before the claims of the undated loan capital and the holders of its equity. The dated loan capital issued by other subsidiaries, is similarly
subordinated.
Interest
Interest on the Floating Rate Notes is fixed periodically in advance, based on the related interbank or local central bank rates.
Interest on the 7.75% Contingent Capital Notes is fixed until the call date. After the call date, in the event that it is not redeemed, the interest rate
will be re-set and fixed until maturity based on a market rate.
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