National Grid Electricity Transmission PLC (NGGLN)

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National Grid Electricity Transmission PLC (NGGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	NGGLN	National Grid Electricity Transmission PLC	£250		1	EMEA	Jan 30, 2019

Tranche #1National Grid Electricity Transmission PLC

currency

GBP

size (m)

250.000

maturity

Feb 6, 2035

type

Fixed

tenor

16.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

G+135-140

ipt-pxd

guidance

G+125 a

spread

120

coupon

2.75%

spread set

price

99.73200

yield

2.752%

book size (m)

1,700

peak book (m)

x-covered

6.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

6.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

16 yr: Book size: 1700; Registration: Reg S Only; Comments: GBP250m nogrow 16yr snr unsec RegS. A3/A-/A. Barc/HSBC(B&D)/Lloyds. IPTs G+135/140, guidance G+125 (+/-5 WPIR) set G+120 on bks >1.7bn. Vs UKT 4.5% 9/34 @140.70 mid, HR 76%. FTT 3.45pm. Tax Call: No. PP: No. XD: No. Par Call: 3m. MWC: Yes;

Use of Proceeds

General Corporate Purposes

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