Accrued InterestIn respect of all Notes validly tendered and accepted for purchase by the Issuer, accrued and unpaid interest will be paid in cash for the period from (and including) the interest payment date for the relevant series of Notes immediately preceding the Payment Date (such date being the date on which the Notes are due to be purchased by the Issuer) to (but excluding) the Payment Date. By their participation in the Tender Offer prior to the Early Participation Deadline and their receipt of the Total Consideration plus Accrued Interest, holders of the 5.140% Notes whose 5.140% Notes are validly tendered prior to the Early Participation Deadline and accepted for purchase by the Issuer shall have surrendered their entitlement to, and therefore shall not receive, the regularly scheduled interest payment in respect of such 5.140% Notes on the interest payment date scheduled for April 14, 2013, even if such holders are holders of record as of the record date in respect of such scheduled interest payment date for such 5.140% Notes, unless the Early Payment Date is extended by the Issuer to a date subsequent to the scheduled interest payment date for such 5.140% Notes. For the avoidance of doubt, Accrued Interest in respect of the 5.140% Notes that is payable on the Final Payment Date shall be accrued and unpaid interest from (and including) the interest payment date scheduled for April 14, 2013 to but excluding the Final Payment Date.
Barclays Bank PLC Announces An Offer To Purchase Notes For Cash Using A Modified “Dutch Auction” Procedure
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts