$1,000,000,000 Senior Notes
Barclays PLC raises $1B for general corporate purposes
On June 1, 2015 Siebert Brandford Shank served as a co-manager on the $1B, 5-year offering of fixed rate senior unsecured notes for Barclays PLC. The $1B in proceeds were allocated to general corporate purposes. Launch and eventual pricing of the Senior Notes was 3 basis points tighter than initial pricing thoughts early in the day. The transaction settled on June, 8, 2015. It should be noted that several other borrowers during this time needed to widen spreads to garner enough investor demand. In that context, the Barclays offering was well-received by investors.