National Grid Electricity Transmission PLC (NGGLN)

No results found for "".

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	£1,100		2	EMEA	Jul 2, 2020

Tranche #1National Grid Electricity Transmission PLC

currency

GBP

size (m)

350.000

maturity

Jul 7, 2028

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

G+125-130

ipt-pxd

guidance

spread

110

coupon

1.125%

spread set

price

99.53300

yield

1.186%

book size (m)

750

peak book (m)

x-covered

2.14

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

750

peak book (m)

x-covered

2.14

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2National Grid Electricity Transmission PLC

currency

GBP

size (m)

750.000

maturity

Jul 7, 2032

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+115-120

ipt-pxd

guidance

spread

coupon

0.823%

spread set

price

100.00000

yield

0.823%

book size (m)

1,700

peak book (m)

x-covered

2.27

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

2.27

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 750; Registration: Reg S Only; Comments: GBP300m (exp) 8yr. With 12yr EUR. A3/A-/A. BoC/Barc(B&D)/Citi/ING/Lloyds. IPTs UKT1.625% Oct 2028 +125/+130 launch 350m @+110, bk >750, tight end pre rec. Gilt @ 112.756 mid / 112.716 bid, HR 86%. MWC G+20, 3mPC. FTT 3.15pm. LEI: 5XJXCCYG4SDKFJ5WLB02; 12 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 12yr. With GBP 8yr. A3/A-/A. BoC/Barc(B&D)/Citi/ING/Lloyds. IPTs MS+115/+120, launch 750m @ SM+90, bk >1.7bn (peak >1.8bn), HR 112% vs DBR 0% Feb-2030+127.5 @ 104.45. MWC B+20, 3mPC. FTT 3.15pm. LEI: 5XJXCCYG4SDKFJ5WLB02;

Use of Proceeds

General corporate purposes

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

National Grid Electricity Transmission PLC (NGGLN)

Deal Details

Commentary

Deal Flow