Cancellation of Notes Purchas

RNS Number : 4492Q

National Grid PLC

03 August 2010

 



3 AUGUST 2010

NATIONAL GRID PLC (National Grid) AND NGG FINANCE PLC (NGGF)

CANCELLATION OF NOTES PURCHASED PURSUANT TO CASH TENDER OFFERS

National Grid announces the cancellation of (i) £64,879,000 in aggregate nominal amount of the £414,000,000 6.125 per cent. Instruments due April 2014 (ISIN: XS0412068453) (the Sterling Fixed Rate Notes) and (ii) €106,792,000 in aggregate nominal amount of the €750,000,000 Floating Rate Instruments due 2012 (ISIN: XS0267821394) (the Floating Rate Notes) and NGGF announces the cancellation of €213,041,000 in aggregate nominal amount of the €750,000,000 6.125 per cent.  Guaranteed Bonds due 2011 (ISIN: XS0133729771) (the Euro Fixed Rate Notes), each purchased today by National Grid or NGGF, as the case may be, pursuant to the Offers set out in the tender offer memorandum dated 21 July 2010 (the Tender Offer Memorandum).  Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.

Following the cancellations, £349,121,000 in aggregate nominal amount of the Sterling Fixed Rate Notes will remain outstanding, €613,208,000 in aggregate nominal amount of the Floating Rate Notes will remain outstanding and €477,762,000 in aggregate nominal amount of the Euro Fixed Rate Notes will remain outstanding.

 

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