NATIONAL GRID PLC (NGG) Form 424B5 — Jun 5, 2026
National Grid plc has priced a $750 million offering of senior unsecured notes due June 9, 2036, bearing interest at 5.405% per annum. The notes are being issued at par (100% of principal) with a 0.40% underwriting discount, resulting in net proceeds of approximately $746.5 million for general corporate purposes. The offering is underwritten by Morgan Stanley, SMBC Nikko, TD Securities, and Wells Fargo Securities, with each firm purchasing $187.5 million of the notes. National Grid intends to apply for listing of the notes on the New York Stock Exchange.
Key figures
- Debt Amount
- 750000000
- Net Proceeds
- 746500000
- Interest Rate
- 5.405
- Maturity Date
- June 9, 2036
- Gross Proceeds
- 750000000
- Offering Price
- 100
- Total Borrowings
- 46755000000
- Total Capitalization
- 86054000000
- Underwriting Discount
- 3000000
- Currency
- USD
- Exchange Rate GBP
- 1.34
- Notes Offered GBP
- 560000000
Price after filing
Close on the filing date to close N calendar days later (from $81.38). Historical, not a forecast.
AI analysis
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