National Grid North America Inc (NGGLN)

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National Grid North America Inc (NGGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	NGGLN	National Grid North America Inc	€1,000		2	USOA	Sep 5, 2023

Tranche #1National Grid North America Inc

currency

EUR

size (m)

500.000

maturity

Sep 12, 2027

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+110-115

ipt-pxd

guidance

MS+85-90

spread

coupon

4.151%

spread set

price

100.00000

yield

4.151%

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2National Grid North America Inc

currency

EUR

size (m)

500.000

maturity

Sep 12, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+175-180

ipt-pxd

guidance

MS+150-155

spread

150

coupon

4.668%

spread set

price

100.00000

yield

4.668%

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 Comments

4 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR500m 4yr bmk RegS. Baa2/BBB/NR. Actives BoC/ING(B&D)/Lloyds/SG. IPTs 4yr MS+110/+115. Guidance MS+85/+90 wpir for 500m. Launch MS+85. Final books ~1bn (peak 1.25bn+). DBR 0.5% 8/27 HR 103%, B+153.1. FTT 3:45pm. Par Call: 1m. MWC: B+25bps. LEI: 5Q3U0WRKWZZGRMPYFT08; 10 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR500m 10yr bmk RegS. Baa2/BBB/NR. Actives BoC/ING(B&D)/Lloyds/SG. IPTs 10yr MS+175/+180. Guidance MS+150/+155 wpir for 500m. Launch MS+150. Final books ~1.1bn, (peak 1.25bn+). DBR 2.6% 8/33 HR 91%, B+206.4%. FTT 3:45pm. Par Call: 3m. MWC: B+35bps. LEI: 5Q3U0WRKWZZGRMPYFT08;

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