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	€300		1	EMEA	Dec 2, 2020

Tranche #1National Grid Electricity Transmission PLC

currency

EUR

size (m)

300.000

maturity

Nov 26, 2040

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

MS+85-90

spread

coupon

0.872%

spread set

price

99.58100

yield

0.895%

book size (m)

325

peak book (m)

x-covered

1.08

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

325

peak book (m)

x-covered

1.08

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

20 yr: Book size: 325; Registration: Reg S Only; Comments: EUR300m tap of 200m 0.872% Nov 2040. A3/A-/A. Sole books BNPP. Guidance MS+85/+90, set MS+85, launch 300m, bk ~325m, DBR 4 3/4 07/04/40 @201.992 (-0.300) + 119.5/ HR: 59%. FTT 2.30pm. Immediate funge. LEI: 5XJXCCYG4SDKFJ5WLB02;

Use of Proceeds

General corporate purposes

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National Grid Electricity Transmission PLC (NGGLN)

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