Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments - S&P Global Ratings’ Credit Research

Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments

Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments - S&P Global Ratings’ Credit Research
Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments
Published Oct 16, 2015
Published Oct 16, 2015
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Abstract:

LONDON (Standard&Poor's) Oct. 16, 2015--Standard&Poor's Ratings Services said today that its 'AAA' credit ratings on U.K.-based Barclays Bank PLC's covered bond program and related issuances are unchanged following proposed amendments to the transaction. On Oct. 16, 2015, Barclays Bank PLC proposed amending the terms of four covered bond series issued under its covered bond program. The purpose of the amendment is to change the "hard bullet" maturities (where the full principal amount is due on a fixed redemption date) to "soft bullet" maturities (where the repayment of principal can be extended for up to one year under specified conditions). The four covered bonds for which the extended maturity feature will be applied are series 2009-1, 2010-2,

  
Report Type:

Bulletin

Ticker
BCBEY
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments" Oct 16, 2015. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-Unchanged-On-Barclays-Bank-PLC-Global-Covered-Bond-Programme-Following-Proposed-Transaction-Amendments-1465596>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ratings Unchanged On Barclays Bank PLC Global Covered Bond Programme Following Proposed Transaction Amendments Oct 16, 2015. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-Unchanged-On-Barclays-Bank-PLC-Global-Covered-Bond-Programme-Following-Proposed-Transaction-Amendments-1465596>
  
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