National Grid PLC (NGGLN)

No results found for "".

National Grid PLC (NGGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	NGGLN	National Grid PLC	€1,850		3	EMEA	May 23, 2022

Tranche #1National Grid PLC

currency

EUR

size (m)

650.000

maturity

Jun 30, 2026

type

Fixed

tenor

4.100

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+110 a

ipt-pxd

guidance

MS+85-90

spread

coupon

2.179%

spread set

price

99.99800

yield

2.179%

book size (m)

1,100

peak book (m)

x-covered

1.69

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

1.69

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2National Grid PLC

currency

EUR

size (m)

500.000

maturity

Mar 30, 2030

type

Fixed

tenor

7.800

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+150 a

ipt-pxd

guidance

MS+135-140

spread

135

coupon

2.949%

spread set

price

99.99900

yield

2.95%

book size (m)

1,100

peak book (m)

x-covered

2.2

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

2.2

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #3National Grid PLC

currency

EUR

size (m)

700.000

maturity

Mar 30, 2034

type

Fixed

tenor

11.800

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+170 a

ipt-pxd

guidance

MS+150 a

spread

145

coupon

3.245%

spread set

price

99.99700

yield

3.246%

book size (m)

1,150

peak book (m)

x-covered

1.64

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,150

peak book (m)

x-covered

1.64

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4.1 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR650m bmk 3-tr 4.1yr/7..8yr/11.8yr snr unsec RegS. Baa2/BBB/BBB. MUFG/NatWest/Santan/SMBC Nikko/SG. IPTs MS+110 area / MS+150 area / MS+170 area, guidance MS+85/+90 / MS+135/+140 / MS+150 area for exp total 1.5-1.8bn, launch 1.85bn - 650m MS+85 / 500m MS+135 / 700m MS+145, bks ~1.1bnb/~1.1bn/~1.15bn, peak ~1.3bn/~1.2bn/~1.5bn , OBL Apr-26@ 97.651 (B+156.4bps) | DBR Feb-30@ 93.49 (B+207.5bps) | DBR Feb-32@ 90.651 (B+223.2bps) FTT 7.30am Tues. LEI: 8R95QZMKZLJX5Q2XR704. Par Call: 3m. MWC: B+25; 7.8 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR500m bmk 3-tr 4.1yr/7..8yr/11.8yr snr unsec RegS. Baa2/BBB/BBB. MUFG/NatWest/Santan/SMBC Nikko/SG. IPTs MS+110 area / MS+150 area / MS+170 area, guidance MS+85/+90 / MS+135/+140 / MS+150 area for exp total 1.5-1.8bn, launch 1.85bn - 650m MS+85 / 500m MS+135 / 700m MS+145, bks ~1.1bnb/~1.1bn/~1.15bn, peak ~1.3bn/~1.2bn/~1.5bn , OBL Apr-26@ 97.651 (B+156.4bps) | DBR Feb-30@ 93.49 (B+207.5bps) | DBR Feb-32@ 90.651 (B+223.2bps) FTT 7.30am Tues. LEI: 8R95QZMKZLJX5Q2XR704. Par Call: 3m. MWC: B+35; 11.8 yr: Book size: 1150; Registration: Reg S Only; Comments: EUR700m bmk 3-tr 4.1yr/7..8yr/11.8yr snr unsec RegS. Baa2/BBB/BBB. MUFG/NatWest/Santan/SMBC Nikko/SG. IPTs MS+110 area / MS+150 area / MS+170 area, guidance MS+85/+90 / MS+135/+140 / MS+150 area for exp total 1.5-1.8bn, launch 1.85bn - 650m MS+85 / 500m MS+135 / 700m MS+145, bks ~1.1bnb/~1.1bn/~1.15bn, peak ~1.3bn/~1.2bn/~1.5bn , OBL Apr-26@ 97.651 (B+156.4bps) | DBR Feb-30@ 93.49 (B+207.5bps) | DBR Feb-32@ 90.651 (B+223.2bps) FTT 7.30am Tues. LEI: 8R95QZMKZLJX5Q2XR704. Par Call: 3m. MWC: B+35;

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 PLC (NGGLN)

Deal Details

Commentary

Deal Flow