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	£400		1	EMEA	Apr 8, 2020

Tranche #1National Grid Electricity Transmission PLC

currency

GBP

size (m)

400.000

maturity

Apr 17, 2040

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

G+170 a

ipt-pxd

guidance

spread

135

coupon

spread set

price

98.57700

yield

2.077%

book size (m)

2,350

peak book (m)

x-covered

5.88

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,350

peak book (m)

x-covered

5.88

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

20 yr: Book size: 2350; Registration: Reg S Only; Comments: GBP400m 20yr bmk snr unsec RegS. A3/A-/A. HSBC(B&D)/NatWest/RBC. IPTs UKT 4.25% Dec 2040 +170 area, set G+G+135 for 400m, bk >2.35bn pre rec. Gilt @ 167.48 mid, 167.28 bid (HR 62%). FTT 3.45pm. MWC G+20. LEI: 5XJXCCYG4SDKFJ5WLB02.;

Use of Proceeds

General corporate purposes

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