Obbligazione Barclay PLC 4.25% ( XS0729895200 ) in GBP

Barclay PLC

100 GBP ▼

Regno Unito

XS0729895200 ( in GBP )

4.25% per anno ( pagato 1 volta l'anno)

11/01/2022 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Barclays PLC XS0729895200 in GBP 4.25%, scaduta

100 000 GBP

1 000 000 000 GBP

Barclays PLC è una banca multinazionale britannica che offre una vasta gamma di servizi finanziari a clienti privati, aziende e istituzioni in tutto il mondo.

The Obbligazione issued by Barclay PLC ( United Kingdom ) , in GBP, with the ISIN code XS0729895200, pays a coupon of 4.25% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 11/01/2022

Final Terms dated 11 January 2012
(to the Base Prospectus dated 26 August 2011 as supplemented on 12 December 2011 and 3 January 2012)
Barclays Bank PLC
Issue of Series 2012-1 £1,000,000,000 4.25 per cent. Covered Bonds due 2022
irrevocably and unconditionally guaranteed as to payment of principal and interest by
Barclays Covered Bonds LLP
under the
35 billion Global Covered Bond Programme
The Programme has been registered and notice of the issue of these Covered Bonds has been made under
the Regulated Covered Bonds Regulations 2008.
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the conditions (the
"Conditions") set forth in the Base Prospectus dated 26 August 2011 as supplemented by Supplement
Number 1 to the Base Prospectus dated 12 December 2011 and Supplement Number 2 to the Base
Prospectus dated 3 January 2012, which together constitute a base prospectus (the "Base Prospectus") for
the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This
document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article 5.4
of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on
the Issuer, the Guarantor and the offer of the Covered Bonds is only available on the basis of the
combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing
during normal business hours at Barclays Treasury, 1 Churchill Place, London E14 5HP and copies may be
obtained from Citibank N.A., London Branch at the Citigroup Centre, Canada Square, London E14 5LB.

1. (i) Issuer:
Barclays
Bank
PLC

(ii)
Guarantor:
Barclays Covered Bonds LLP
2. (i)
Series Number:
2012-1

(ii)
Tranche Number:
1
3. Specified Currency or Currencies:
Sterling ("£")
4. Aggregate Nominal Amount:
£1,000,000,000
5. Issue Price:
99.827 per cent. of the Aggregate Nominal Amount
6. (i)
Specified Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof up to (and including) £199,000. No Covered
Bonds in definitive form will be issued with a
denomination above £199,000
(ii) Calculation
Amount
£1,000
7. (i)
Issue Date:
12 January 2012

(ii)
Interest Commencement Date:
12 January 2012
8. Final Maturity Date:
12 January 2022

Extended Due for Payment Date of 12 January 2023
Guaranteed Amounts corresponding to the
Final Redemption Amount under the
Covered Bond Guarantee:

- 1 -

9. Interest Basis:
4.25 per cent. Fixed Rate from, and including, the
Issue Date to, but excluding, the Final Maturity Date
(further particulars specified below with respect to
the period from, and including, the Final Maturity
Date to, but excluding, the Extended Due for
Payment Date)
10. Redemption/Payment Basis:
Redemption at par
11. Change of Interest Basis or
Applicable
Redemption/Payment Basis:
4.25 per cent. Fixed Rate payable annually in arrear
from, and including, the Issue Date to, but
excluding, the Final Maturity Date
One-month LIBOR + 1.902 per cent. per annum
Floating Rate payable monthly in arrear from, and
including, the Final Maturity Date to, but excluding,
the Extended Due for Payment Date
12. Call Options:
Not Applicable
13. (i)
Status of the Covered Bonds:
Senior

(ii)
Status of the Guarantee:
Senior

(iii)
Date Board/Committee approval 11 December 2007
for issuance of Covered Bonds obtained:
14. Listing: London
15. Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Covered Bond Provisions
Applicable from, and including, the Issue Date to,
but excluding, the Final Maturity Date

(i)
Fixed Rate(s) of Interest:
4.25 per cent. per annum payable annually in arrear

(ii)
Interest Payment Date(s):
12 January in each year up to, and including, the
Final Maturity Date, commencing on 12 January
2013 and ending on the Final Maturity Date
(iii) Fixed
Coupon
Amount(s):
£42.50 per Calculation Amount

(iv)
Initial Broken Amount(s):
Not Applicable

(v)
Final Broken Amount:
Not Applicable

(vi)
Day Count Fraction:
Actual/Actual ICMA
(vii) Determination
Date(s):
12 January in each year

(viii)
Other terms relating to the method Not Applicable
of calculating interest for Fixed
Rate Covered Bonds:
17. Floating Rate Covered Bond Provisions
Applicable from, and including, the Final Maturity
Date to, but excluding, the Extended Due for
Payment Date

- 2 -

(i)
Interest Period(s)
The period from, and including, each Specified
Interest Payment Date to, but excluding, the next
following Specified Interest Payment Date provided
that the first Interest Period shall be from, and
including, the Final Maturity Date to, but excluding,
the next following Specified Interest Payment Date
up to but excluding the Extended Due for Payment
Date

(ii)
Specified Interest Payment Date(s):
The 12th day of each month from, but excluding, the
Final Maturity Date to, and including, the Extended
Due for Payment Date (or, if earlier, the Specified
Interest Payment Date on which the Covered Bonds
are redeemed in full)

(iii)
Business Day Convention:
Modified Following Business Day Convention

(iv)
Additional Business Centre(s):
Not Applicable

(v)
Manner in which the Rate of Screen Rate Determination
Interest and Interest Amount is to be
determined:

(vi)
Party responsible for calculating Not Applicable
the Rate of Interest and Interest Amount (if
not the Principal Paying Agent):

(vii)
Screen Rate Determination:
Applicable

(1)
Reference Rate:
One-month LIBOR

(2) Interest
Determination
First day of each Interest Period
Date(s):

(3)
Relevant Screen Page:
Reuters page LIBOR01 or any replacement thereto
(vii)
ISDA
Determination: Not
Applicable

(ix)
Margin(s):
1.902 per cent. per annum

(x)
Minimum Rate of Interest:
Not Applicable

(xi)
Maximum Rate of Interest:
Not Applicable

(xii)
Day Count Fraction:
Actual/365 (Fixed)

(xiii) Fall back provisions, rounding Not Applicable
provisions and any other terms relating to
the method of calculating interest on
Floating Rate Covered Bonds, if different
from those set out in the Conditions:
18. Zero Coupon Covered Bond Provisions
Not Applicable
19. Index Linked Interest Covered Bond
Not Applicable
20. Dual Currency Covered Bond Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION BY THE ISSUER
21. Issuer Call:
Not Applicable

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22. Early Redemption Amount of each Covered As per Condition 6(e) (Early Redemption Amounts)
Bond payable on redemption for taxation
reasons, on acceleration following an Issuer
Event of Default or an LLP Event of
Default and/or the method of calculating the
same (if required or if different from that set
out in Condition 6(e) (Early Redemption
Amounts):
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23. Form of Covered Bonds:
Bearer Covered Bonds:

(i)
Form:
Temporary Global Covered Bond exchangeable for
a Permanent Global Covered Bond which is
exchangeable for Bearer Definitive Covered Bonds
in definitive form only after an Exchange Event

(ii)
New Global Covered Bond:
Yes
24. Additional Financial Centre(s) or other Not Applicable
special provisions relating to Payment
Dates:
25. Talons for future Coupons or Receipts to be No
attached to Bearer Definitive Covered
Bonds (and dates on which such Talons
mature):
26. Details relating to Partly-Paid Covered Not Applicable
Bonds:
27. Details relating to Instalment Covered Not Applicable
Bonds:
28. Redenomination: Not
Applicable
29. Other final terms:
Not Applicable

DISTRIBUTION
30. (i)
If syndicated, names and addresses Barclays Bank PLC
of Managers:
5 The North Colonnade
Canary Wharf
London E14 4BB

Lloyds TSB Bank plc
10 Gresham Street
London EC2V 7AE

Banco Santander, S.A.
Ciudad Grupo Santander
Avenida de Cantabria s/n
Edificio Encinar, planta baja
28660, Boadilla del Monte
Madrid
Spain

Citigroup Global Markets Limited
Citigroup Centre

- 4 -

Canada Square
Canary Wharf
London E14 5LB

ING Belgium SA/NV
Avenue Marnix 24
1000 Brussels
Belgium

Wells Fargo Securities International Limited
One Plantation Place
30 Fenchurch Street
London EC3M 3BD

Commerzbank Aktiengesellschaft
Kaiserstraße 16 (Kaiserplatz)
60311 Frankfurt am Main
Federal Republic of Germany

Natixis
47, quai d'Austerlitz
75013 Paris
France

Crédit Agricole Corporate and Investment Bank
9, quai du président Paul Doumer
92920 Paris la Défense Cédex
France

Société Générale
Tour Société Générale
17, cours Valmy
92987 Paris - La Défense Cedex
France

RBC Europe Limited
Riverbank House
2 Swan Lane
London EC4R 3BF

(ii)
Date of syndication agreement:
11 January 2012
(iii)
Stabilising
Manager(s) (if any):
Not Applicable
31. If non-syndicated, name of relevant Not Applicable
Dealer(s):
32. Whether TEFRA D or TEFRA C rules TEFRA D
applicable or TEFRA rules not applicable:
33. ERISA Not
Applicable
34. Additional selling restrictions:
Not Applicable
LISTING APPLICATION
These Final Terms comprise the final terms required to list and have admitted to trading the issue of
Covered Bonds described herein pursuant to the 35 billion Global Covered Bond Programme of
Barclays Bank PLC on the regulated market of the London Stock Exchange.

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RESPONSIBILITY
Each of the Issuer and the Guarantor accept responsibility for the information contained in these Final
Terms. The CML arrears and repossession data has been extracted from the CML website. The Issuer
confirms that such information has been accurately reproduced and that, so far as it is aware and able to
ascertain from information published by the CML no facts have been omitted which would render the
reproduced information inaccurate or misleading.

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PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Listing:
London

(ii)
Admission to trading:
Application has been made for the Covered Bonds to
be admitted to the Official List of the UK Listing
Authority and admitted to trading on the regulated
market of the London Stock Exchange with effect
from 12 January 2012

(iii)
Estimate of total expenses related £5,000
to admission to trading:
2. RATINGS

Ratings:
The Covered Bonds to be issued have been rated
AAA by Standard & Poor's Credit Market Services
Europe Limited, AAA by Fitch Ratings Ltd. and
Aaa by Moody's Investor Services Limited.

Standard & Poor's Credit Market Services Europe
Limited, Moody's Investor Services Limited and
Fitch Ratings Ltd. are established in the European
Union and are registered under Regulation (EC) No.
1060/2009 of the European Parliament and of the
Council of 16 September 2009 on credit rating
agencies.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale and Transfer and Selling Restrictions", so far as the
Issuer and the Guarantor are aware, no person involved in the issue of the Covered Bonds has an
interest material to the offer.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS

(i)
Reasons for the offer
See "Use of Proceeds" wording in Base Prospectus

(ii)
Estimated net proceeds:
£998,270,000
5. YIELD

Indication of yield:
4.272 per cent. per annum
The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
6. PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER
INFORMATION CONCERNING THE UNDERLYING
Not
Applicable
7. PERFORMANCE OF RATES OF EXCHANGE
Not
Applicable

- 7 -

8. OPERATIONAL INFORMATION
(i) ISIN:
XS0729895200
(ii) Common
Code:
072989520
(iii)
CUSIP:
Not
Applicable
(iv)
CINS:
Not
Applicable

(v)
Any clearing system(s) other than Not Applicable
DTC, Euroclear or other than
Clearstream, Luxembourg and the
relevant identification number(s):

(vi)
Delivery:
Delivery against payment

(vii)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):

(viii)
Intended to be held in a manner No
which would allow Eurosystem
eligibility:

9. ADDITIONAL U.S FEDERAL INCOME TAX CONSEQUENCES
Not Applicable
10. SELECTED STATISTICAL INFORMATION

The statistical and other information contained in these Final Terms has been compiled by reference
to the Mortgage Accounts in the Mortgage Account Portfolio on 1 December 2011 (the "Cut Off
Date"). Columns stating percentage amounts may not add up to 100 per cent. due to rounding. The
Seller has not revalued any of the mortgaged properties since the date of origination of the related
Mortgage Account for the purposes of the issue of the Covered Bonds, other than in respect of a
Borrower that has remortgaged his Property or in relation to any Property in relation to which the
Seller has made a Further Advance. Monthly information in respect of the Mortgage Accounts in
the Mortgage Account Portfolio is available to investors as set out in paragraph 2 under "General
Information" in the Base Prospectus.

- 8 -

Summary of Provisional Asset Pool Characteristics
Aggregate Balance
20,798,080,442.91
Number of Mortgage Accounts
161,908
Weighted average current LTV (by value)
55.96%
Weighted average current indexed LTV (by value)
59.70%
Weighted average drawable LTV (by value)
60.53%
Weighted average seasoning (by value) Months
37.57
Interest Only (By Value)
41.74%
Repayment (By Value)
58.26%
> 3 month in arrears (By Value)
0.00%

The following table shows the distribution of Mortgaged Properties securing the Mortgage Accounts
throughout England, Wales, Northern Ireland and Scotland as of the Cut Off Date. No Mortgaged
Property is situated outside of England, Wales, Northern Ireland or Scotland.
Geographical Distribution
Aggregate Account Balance
Number of
% of Total
Region
(£)
% of Total Value
Collaterals
Number
East Anglia
1,513,665,746.52
7.28%
12,501
7.72%
East Midlands
946,362,915.67
4.55%
9,016
5.57%
Greater London
2,516,245,885.79
12.10%
12,165
7.51%
North 565,957,432.70
2.72%
6,228

3.85%
North West
1,535,893,530.40
7.38%
14,955
9.24%
Northern Ireland
388,714,362.35
1.87%
4,047
2.50%
Scotland 633,768,904.59
3.05%
5,987

3.70%
South East
8,045,165,990.85
38.68%
53,832
33.25%
South West
1,660,320,648.77
7.98%
13,727
8.48%
Wales 670,331,224.17
3.22%
7,171

4.43%
West Midlands
1,245,424,687.12
5.99%
11,551
7.13%
Yorks And Humberside
1,076,229,113.98
5.17%
10,728
6.63%
20,798,080,442.91
100.00%
161,908
100.00%

The following table shows the range of current loan to value, or LTV, ratios, which express the Mortgage
Account Balance of a Mortgage Account as at the Cut Off Date divided by the value of the Mortgaged
Property securing that Mortgage Account at the same date. The Seller has not revalued any of the
Mortgaged Properties since the date of the origination of the related Mortgage Account, other than in
respect of a Mortgaged Property of a related Borrower that has remortgaged its property or to which the
Seller has made a Further Advance.
Current LTV
Aggregate Account
Current LTV
Balance (£)
% of Total Value
Number of Collaterals
% of Total Number
Up to 20.00%
638,921,545.20
3.07%
14,755
9.11%
20.01% - 30.00%
1,243,561,157.08
5.98%
16,769
10.36%
30.01% - 40.00%
2,086,839,508.61
10.03%
21,569
13.32%
40.01% - 50.00%
3,105,861,114.91
14.93%
25,839
15.96%
50.01% - 60.00%
4,039,806,206.80
19.42%
27,416
16.93%
60.01% - 70.00%
4,777,547,988.86
22.97%
28,690
17.72%
70.01% - 74.99%
2,240,658,795.94
10.77%
12,686
7.84%
75.00% - 80.00%
1,930,533,406.07
9.28%
10,288
6.35%
80.01% - 90.00%
734,350,719.44
3.53%
3,896
2.41%

20,798,080,442.91
100.00%
161,908
100.00%

The following table shows the range of current drawable loan to value, or LTV, ratios, which express the
drawable limit of a Mortgage Account as of the Cut Off Date divided by the value of the Mortgaged
Property securing the Mortgage Account as of the same date.

- 9 -

Drawable LTV
Aggregate Account
Number of Mortgage
Drawable LTV
Balance (£)
% of Total Value
Accounts
% of Total Number
Up to 20.00%
299,118,623.29
1.44%
6,657
4.11%
20.01% - 30.00%
808,987,463.28
3.89%
12,290
7.59%
30.01% - 40.00%
1,548,086,981.43
7.44%
18,375
11.35%
40.01% - 50.00%
2,534,546,162.11
12.19%
23,793
14.70%
50.01% - 60.00%
3,871,885,092.99
18.62%
28,871
17.83%
60.01% - 70.00%
4,805,048,245.82
23.10%
31,030
19.17%
70.01% - 74.99%
2,480,187,753.03
11.93%
14,939
9.23%
75.00% - 80.00%
2,805,128,265.31
13.49%
16,492
10.19%
80.01% - 90.00%
1,645,091,855.65
7.91%
9,461
5.84%

20,798,080,442.91
100.00%
161,908
100.00%

The following table shows the range of current indexed loan to value, or LTV, ratios, which express the
Mortgage Account Balance of a Mortgage Account as of the Cut Off Date divided by the indexed value
of the Mortgaged Property securing that Mortgage Account as of the same date (calculated using the
Halifax House Price Index).
Current Indexed LTV
Aggregate Account
Indexed LTV
Balance (£)
% of Total Value
Number of Collaterals
% of Total Number
Up to 20.00%
519,348,246.68
2.50%
12,624
7.80%
20.01% - 30.00%
1,038,660,619.51
4.99%
14,585
9.01%
30.01% - 40.00%
1,785,095,193.16
8.58%
19,136
11.82%
40.01% - 50.00%
2,735,150,828.35
13.15%
23,368
14.43%
50.01% - 60.00%
3,705,453,343.29
17.82%
26,680
16.48%
60.01% - 70.00%
4,518,710,488.90
21.73%
27,968
17.27%
70.01% - 74.99%
2,096,078,405.94
10.08%
12,430
7.68%
75.00% - 80.00%
1,699,417,443.23
8.17%
10,027
6.19%
80.01% - 90.00%
1,947,967,838.94
9.37%
11,031
6.81%
> 90%
752,198,034.91
3.62%
4,059
2.51%

20,798,080,442.91
100.00%
161,908
100.00%

Monthly Payments Down
Aggregate Account
Months In Arrears
Balance (£)
% of Total Value
Number of Collaterals
% of Total Number
Current
20,700,658,537.93
99.53%
161,163
99.54%
1 - 2 mths
74,915,041.51
0.36%
586
0.36%
2+ - 3 mths
22,506,863.47
0.11%
159
0.10%

20,798,080,442.91
100.00%
161,908
100.00%

Repayment Method
Repayment
Aggregate
Number of
Type Of Main
Agg. Balance exc.
% of Total
Reserve
% of Total
Mortgage
% of Total
Loan
Res (£)
Value
Balance (£)
Value
Accounts
Number
Interest Only
8,473,859,314.23
41.74%
126,359,870.80
25.42%
50,450
31.16%
Repayment
11,827,080,535.41
58.26%
370,780,722.47
74.58%
111,458
68.84%

20,300,939,849.64
100.00%
497,140,593.27
100.00%
161,908
100.00%

The following table summarises, in respect of the Seller's overall mortgage portfolio, the Seller's
experience in administering Mortgage Accounts in arrears for residential Mortgage Accounts originated
by the Seller. The following table also summarises the broader industry experience in administering
mortgage accounts in arrears, as compiled and made public by the CML. The information set forth below
includes information in respect of the Seller's experience in administering Mortgage Loans secured by
properties located in England, Wales, Scotland and Northern Ireland.
The Mortgage Accounts used for statistical purposes in the tables below are administered in accordance
with the administration policies of the Seller. Covered Bondholders should note the method by which the

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