National Grid North America Inc (NGGLN)

No results found for "".

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	€1,500		2	USOA	Aug 27, 2024

Tranche #1National Grid North America Inc

currency

EUR

size (m)

700.000

maturity

Sep 3, 2031

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+150-155

ipt-pxd

guidance

MS+120 a

spread

115

coupon

3.631%

spread set

price

100.00000

yield

3.631%

book size (m)

1,500

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)

1,500

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 North America Inc

currency

EUR

size (m)

800.000

maturity

Sep 3, 2036

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+185-190

ipt-pxd

guidance

MS+155 a

spread

150

coupon

4.061%

spread set

price

100.00000

yield

4.061%

book size (m)

2,300

peak book (m)

x-covered

2.88

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

2.88

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 1500; Registration: Reg S Only; Comments: EUR700m 7yr bmk greens RegS. Baa2/BBB/NR. Citi/ICBC/ING(B&D)/NatWest/SG. IPTs MS+150/+155. Guidance MS+120 area. Launch at MS+115. Final books 1.5bn+ (peak 2.15bn+). HR 103% vs DBR 0% Aug-31 [Conventional] (86.33%) + 149.7bps. FTT 4.05pm. Tax Call: Yes. Par Call: 3m. MWC: B+25bp. LEI: 5Q3U0WRKWZZGRMPYFT08; 12 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR800m 12yr bmk greens RegS. Baa2/BBB/NR. Citi/ICBC/ING(B&D)/NatWest/SG. IPTs MS+185/+190. Guidance MS+155 area. Launch at MS+150. Final books 2.3bn+ (peak 2.55bn+). HR 108% vs DBR 0% May-36 (75.92%) + 168bps. FTT 4.05pm. Tax Call: Yes. Par Call: 3m. MWC: B+25bp. LEI: 5Q3U0WRKWZZGRMPYFT08;

Deal Comments

Green Notes

Use of Proceeds

Refinancing of Elligible Green Projects

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 North America Inc (NGGLN)

Deal Details

Commentary

Deal Flow