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	€1,200		2	USOA	Nov 18, 2024

Tranche #1National Grid North America Inc

currency

EUR

size (m)

600.000

maturity

Nov 25, 2029

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+135 a

ipt-pxd

guidance

MS+105 a

spread

100

coupon

3.247%

spread set

price

100.00000

yield

3.247%

book size (m)

1,600

peak book (m)

x-covered

2.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,600

peak book (m)

x-covered

2.67

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)

600.000

maturity

Nov 25, 2034

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 a

ipt-pxd

guidance

MS+145 a

spread

140

coupon

3.724%

spread set

price

100.00000

yield

3.724%

book size (m)

1,100

peak book (m)

x-covered

1.83

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

1.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR600m (upsized from EUR500m) 5yr snr unsec RegS. Baa2/BBB/NR. BoC/HSBC(B&D)/Lloyds/Santan. IPTs 5yr MS+135 area. Guidance MS+105 area. Launch 600m MS+100. Final books 1.6bn+ (peak 2.4bn). HR 98% vs OBL 2.5% Oct 29, B+104. FTT 4:40pm. Tax Call: Yes. Par Call: 3m. MWC: B+20bp. LEI: 5Q3U0WRKWZZGRMPYFT08; 10 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR600m (upsized from EUR500m) 10yr snr unsec RegS. Baa2/BBB/NR. BoC/HSBC(B&D)/Lloyds/Santan. IPTs 5yr MS+135 area, 10yr MS+175 area. Guidance MS+105 area, MS+145 area. Launch 600m each at MS+100, MS+140. Final books 1.6bn+, 1.1bn+ (peak 2.4bn, 2bn+). HR 98% vs OBL 2.5% Oct 29, B+104. HR 95% vs DBR 2.6% Aug 34, B+134.5. FTT 4:40pm. Tax Call: Yes. Par Call: 3m. MWC: B+25bp. LEI: 5Q3U0WRKWZZGRMPYFT08;

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 North America Inc (NGGLN)

Deal Details

Commentary

Deal Flow