10JS Cred Ag Co 22

RNS No 9063j
BARCLAYS BANK PLC
4th March 1998
                            
                            
             FRENCH FRANC DEBT CAPITAL ISSUE
                            
Barclays  Bank  PLC has today launched a FRF 1 billion
subordinated fixed rate capital issue. The lead managers
to the issue are Barclays Capital and Merrill Lynch.

The notes, which  will  be  direct  unsecured   senior
subordinated obligations of Barclays Bank PLC, will rank
pari passu with existing dated senior subordinated debt
and will be issued under the terms of the bank's current
debt issuance facility.

Payment for the bonds is due 31 March 1998. The maturity
date is 1 April 2008 with a coupon step up and issuer
call option after five years at par. Application will be
made for the notes to be listed on the Paris Stock
Exchange and the notes are expected to be rated Aa3/AA-
by Moody's and Standard and Poor's respectively.

Commenting on the issue earlier today, Barclays  Group
Treasurer, Patrick Perry, said:

"This issue forms  part of our ongoing debt capital
programme and counts as lower Tier 2 capital. It provides
cost effective capital to replace recent maturities and
repayments while lengthening the debt maturity profile".

For further information please contact:

Hugh Graham
Assistant Group Treasurer
Tel: 0171 699 2924

Ian Roundell
Senior Manager
Investor Relations
Tel: 0171 699 2961

Susan Cottam
Head of Group Public Relations
Tel: 0171 699 2658


END

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