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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
NGGLN
National Grid PLCCHF465
2EMEA
Aug 13, 2026
currency
CHF
size (m)
235.000
maturity
Sep 3, 2031
type
Fixed
tenor
5.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
BBB+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
0
guidance
RVSD: SARON MS+78-80; SARON MS+75-85
spread
80
coupon
1.17%
spread set
-
price
100.00000
yield
1.17%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
CHF
size (m)
230.000
maturity
Sep 3, 2036
type
Fixed
tenor
10.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
BBB+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
0
guidance
RVSD: SARON MS+98-100; SARON MS+95-105
spread
100
coupon
1.6275%
spread set
-
price
100.00000
yield
1.628%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Comments: PP: Yes. NP: Yes; Comments: PP: Yes. NP: Yes;
Deal Comments
UPDATE 5y: Spread Set at SARON MS+80; 10y: Spread Set at SARON MS+100
Use of Proceeds
The proceeds of the issue will be allocated by the issuer to finance or refinance Eligible Green Projects as set out in National Grid's Green Financing Framework