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	£400		1	EMEA	Jan 11, 2023

Tranche #1National Grid Electricity Transmission PLC

currency

GBP

size (m)

400.000

maturity

Jan 18, 2043

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+165 a

ipt-pxd

guidance

G+145 a

spread

140

coupon

5.272%

spread set

price

99.99100

yield

5.205%

book size (m)

1,350

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,350

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

20 yr: Book size: 1350; Registration: Reg S Only; Comments: GBP400m 20yr snr unsec bmk RegS. Baa1/BBB+/A-. Barc(B&D)/NatWest/Santan. IPTs UKT 4.5% Dec 2042 +165 area, guidance UKT+145 area, set UKT+140 for 400m. Books 1.35bn+ (@ guidance pre-rec). UKT 4.5% Dec 2042 @ 109.628 mid, 109.478 bid (HR 85%). FTT 3:55pm. MWC: G+25. Par Call: 3m. 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