NEW YORK, NY -- (MARKET WIRE) -- 12/21/06 -- Barclays PLC announced that investments in iPath(SM) Exchange Traded Notes (iPath ETNs) surpassed $1 billion. The first two iPath ETNs were launched in early June, and the third in August.
Exchange Traded Notes have a 30-year maturity and are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC linked to the performance of a market index. Exchange Traded Notes are designed to provide investors with convenient access to the returns of market benchmarks, less investor fees(1), with easy transferability.
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