National Gas Transmission PLC (NGTRAN)

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National Gas Transmission PLC (NGTRAN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	NGTRAN	National Gas Transmission PLC	£300		1	EMEA	Jan 28, 2025

Tranche #1National Gas Transmission PLC

currency

GBP

size (m)

300.000

maturity

Feb 4, 2034

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

A-

size description

re-open/tap

ipt

G+130 a

ipt-pxd

guidance

G+110 a

spread

105

coupon

5.500%

spread set

price

99.13400

yield

5.624%

book size (m)

1,650

peak book (m)

x-covered

5.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,650

peak book (m)

x-covered

5.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

9 yr: Book size: 1650; Registration: Reg S Only; Comments: GBP300m 9yr due 02/04/2032, cpn 5.500% at 99.134, yld 5.624%. Par Call: 3m. MWC: G+20bps. 4.625% UKT 31/1/2034 @ 100.370 mid, 100.350 bid (HR 95%). LEI: FPCHGTHKVH9ZWXS7S453;

Use of Proceeds

Will be used to buy back outstanding inflation-linked debt and for general corporate purposes

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National Gas Transmission PLC (NGTRAN)

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