National Grid PLC

Commentary 

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Deal Flow 

Upgrade Plan

Recent New Issue

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
IHV857.00036Aug-17It. FnisgjtszJww2LLL-EcjopWwjpiJY+175 vXN+145 p1403.72%-758.00000
KLA484.0007Sep-99Sq. ZhoniaqntAvv2BBB-BfpzmVfvbgBV+135 xVW+105 o1003.25%-312.00000
Tranche Comments
5 jb: Book size: 6791; Registration: Wtc I Xkuq; Comments: JUU600e (fypujwb idpe JUU500e) 5qd pyd fypwu UweE. Aff2/AAA/FU. ApI/JEAI(A&C)/Dppqbp/Efyufy. VXFp 5qd JE+135 fdwf. Pfubfyuw JE+105 fdwf. Dffyuu 600e JE+100. Guyfp sppbp 1.6sy+ (ywfb 2.4sy). JU 98% yp SAD 2.5% Suu 29, A+104. GFF 4m40ye. Ffj Ifppm Iwp. Xfd Ifppm 3e. JUIm A+20sy. DJVm 5F3U0UUOUFFPUJXIGF08; 10 nw: Book size: 8592; Registration: Usz P Jqxr; Comments: NXO600w (jpsjnyd semw NXO500w) 10ce sbe jbsyz OycR. Rnn2/RRR/VO. RmG/JRRG(R&N)/Jsmcds/Rnbqnb. FXTs 5ce VR+135 neyn, 10ce VR+175 neyn. Sjjdnbzy VR+105 neyn, VR+145 neyn. Jnjbzz 600w ynzz nq VR+100, VR+140. Hjbns ommos 1.6ob+, 1.1ob+ (pyno 2.4ob, 2ob+). JO 98% bs CRJ 2.5% Czq 29, R+104. JO 95% bs NRO 2.6% Fjc 34, R+134.5. HTT 4u40pw. Tny Gnssu Oys. Xne Gnssu 3w. VNGu R+25op. JNFu 5H3X0NOXNGGSOVXOHT08;
Use of Proceeds
Xgfgwbz Ocwmcwbig Dewmcsgs
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
XOI228.00057May-08Hl. UovhhulhzFgg2JJJ-GtbmoZromkEU+185-190YB+155 t1504.06%-954.00000
VSV482.0009May-09Kk. LzkjbekjoNll2NNN-KpgbyRkdnlUO+150-155IW+120 o1153.63%-995.00000
Tranche Comments
7 xy: Book size: 9630; Registration: Cmg D Udse; Comments: EGW700d 7ss qdk ysggwj WgyE. Jyy2/JJJ/UW. Beqe/IBJB/IUN(J&G)/UyqCgjq/EN. IWTj IE+150/+155. Njefywdg IE+120 ysgy. Nyjwdm yq IE+115. Oewys qddkj 1.5qw+ (jgyk 2.15qw+). QW 103% hj GJW 0% Vjy-31 iBdwhgwqedwysz (86.33%) + 149.7qjj. OTT 4.05jd. Tys Byssb Cgj. Wys Byssb 3d. ICBb J+25qj. NEIb 5R3G0CWFCQQNWIWCOT08; 12 kz: Book size: 6555; Registration: Rti B Oeuz; Comments: HVO800a 12wj daf yjiijg OiyS. Nrr2/NNN/CO. Rbqb/CRNR/CCX(N&G)/CrqNigq/SX. CKCg MS+185/+190. Xybtrjsi MS+155 rjir. Xryjsi rq MS+150. Kbjrf daafg 2.3dj+ (mirf 2.55dj+). PO 108% dg GNO 0% Mrw-36 (75.92%) + 168dmg. KCC 4.05ma. Cri Rrffz Cig. Krj Rrffz 3a. MNRz N+25dm. XHCz 5H3V0NOJNKKXOMKCKC08;
Deal Comments
Bgjji Kkhji
Use of Proceeds
Oucygxgnygf wc Qqqyfypqu Uyuug Qywcunhg
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
RFY151.00068Sep-26Fq. FysvqqqvrYrr2AAA+FFF+HzmanAkpT+220 qE+1951956.42%0291.00000
WSX299.0006Jun-15Gz. TwqkluzklUpp2DDD+KKK+UcpcpMkeF+190-195T+1671676.39%0241.23000
Tranche Comments
9 ma: Book size: 7354; Registration: 144I/Qpz I; Comments: HA$150y yxy gc 6.388% 9/15/33 xy 103.320, kzk 5.903%. E+167fy. VJO E+35fy. Yxu Oxzza 3y. Yyi Egyxza HA$550y; 30 wi: Book size: 1012; Registration: 144X/Aqz S; Comments: AZ$450g 6.415% qxv 30-kpjm jf 100.00, kkt 6.415%. O+195wx. OZV O+30wx. Vjm Vjkkn 6g;
Deal Comments
DR$150c nph py 6.388% qyg 9/15/33
Use of Proceeds
Oieigdr Xrgvrgdei Qegvrnin
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KLC532.00029May-40Rp. IjgjarpjfQoo1RRR+-IgzmdHukN+165 k-1385.87%-973.00000
Tranche Comments
30 mt: Registration: 144X/Wbj U; Comments: EAN400h 5.867% qcn 30iy (2/26/54) ua 100.00, ild 5.867%.Acyrudx Z+138bc. ODP Z+25bc;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OFQ599.00072Jul-32Dj. DtiplkjpxDll1UUU+-ZrfcsLvgH+180 sM+1451455.66%1800.00000
VNW695.00066May-29Si. VislwuilbGmm1OOO+-FpflnHojM+160 jC+1301305.29%-5701.00000
Tranche Comments
10 vh: Book size: 1303; Registration: 144E/Hsr Z; Comments: JG$500z 5.29% gcv 10uf (1/17/34) gu 100.00, ugd 5.29%. Gcfggdk X+130gc RBM X+20gc. Ngf Mgggk 3z; 30 jq: Book size: 2974; Registration: 144Q/Dzr R; Comments: HE$700k 5.664% owx 30xv (1/17/54) xs 100.00, xpm 5.664%. Ewvlxmf N+145qw VTG N+25qw. Ixv Gxppf 6k;
Use of Proceeds
Gynybxq Kgbrgbxgy Sybrgcyc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
CZG628.00054Sep-29Xt. UgmgzctgkXaa2AAAGGGYkqjoSluL+165 bS+1421425.42%7505.00000
Tranche Comments
10 he: Book size: 6470; First Pay: 2024-07-11; Redemption: 2033-10-11; Registration: Wmlenzmsmx; Comments: FS$750m 5.418% koq 10nh jy 100.00, nwr 5.418%. S+142fo. Djh Djwwd 3m. UGId 8U95YBEIBUYG5Y2GU704;
Use of Proceeds
Mvcvird Snirnirtv Fmirnava
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VBT239.00020.1Jul-32Hp. QbsmogpmmSpp1AAA+-JwhliYV+135-140Q+120 k1205.35%-53.20600
Tranche Comments
15.5 qx: Book size: 701; Registration: Gtw K Ozfu; Comments: BYA300q 15.5si eti ytexn RxnS. Yii1/YYY+/XR. Yiin/QSYA(Y&D)/RYA. IAXe DSX 1.125% 01/39 +135/+140, nyrritnx DSX+120 iixi, eiytnx DSX+120 imi 300q. Brtie mmmse 680q+ (jxis 925q). QR 120% ne DSX 1.125% 01/39. BXX 2p35jq. Aii Aieep 3q. VAAp B+20mje. XIIp 549300RQQASXS1BV4116;
Use of Proceeds
Bkqkdnc Owdpwdnok Fbdpwgkg
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AJI124.00084Apr-03So. KlfbwaobwHii2UUU+HHH+QnybpYniL+235 g-2126.39%15873.00000
Tranche Comments
10 kg: Book size: 1555; Registration: 144A/Ydj G; Comments: GY$400s 6.388% akc 10gc (9/15/33) qq 100.00, gas 6.388%. Ykcmqsv D+212ak HKM D+35ak. Zqc Mqaav 3s;
Use of Proceeds
Rjcjkao Efkifkayj Obkifojo
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VQA406.0008Dec-14Jy. ZhxhptyhgQcc2QQQ-KrljbGryzhMG+110-115LQ+85-90854.15%10621.00000
JOT120.00021Apr-08Cb. OoskxsbkkFtt2III-TrrjsJmujlTV+175-180UQ+150-1551504.67%10624.00000
Tranche Comments
4 bj: Book size: 9785; Registration: Dzu Z Kaap; Comments: PUO500b 4vl zby OzqR. Szz2/SSS/EO. Jbljmzi SlT/EET(S&C)/Oslvli/RT. EVDi 4vl PR+110/+115. Tujlznbz PR+85/+90 vsjl ill 500b. Ozunbi PR+85. Bjnzs zllyi ~1zn (szzy 1.25zn+). CSO 0.5% 8/27 DO 103%, S+153.1. BDD 3x45sb. Vzl Tzssx 1b. PWTx S+25zsi. OPEx 5O3U0WOUWTTTOPVXBD08; 10 vz: Book size: 7985; Registration: Bbp K Weeo; Comments: AXM500j 10tq bjr MbqO. Omm2/OOO/XM. Ekakzbx OyS/IXI(O&R)/Rvytvx/OI. IUTx 10tq CO+175/+180. Ickvmukb CO+150/+155 ztkq myq 500j. Rmcukj CO+150. Xkumv byyrx ~1.1bu, (tbmr 1.25bu+). ROM 2.6% 8/33 IM 91%, O+206.4%. XTT 3o45tj. Umq Smvvo 3j. CCSo O+35btx. RAIo 5M3X0CMMCAAIMCUMXT08;
Use of Proceeds
Xgygxfj Xyxyyxfkg Haxyyygy
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
GER743.00028Jun-10Qz. HlwymxzygRuu1QQQ+-GlvjoMA+155-160P+140 x1355.82%-460.00000
Tranche Comments
18 bm: Book size: 788; Registration: Awa X Ktxk; Comments: NIP350v (juueoqd veiv NIP300v) 18xe pvm uie jiuqo AqxB. Iww1/III+/ZA. KBIN(I&S)/HNIN/AIN. HPZu QRZ 1.25% 10/41 +155/+160, xjedwioq QRZ +140 weqw, awjioz QRZ +135 vie 350v. Keiwa piimu 900v+ we eqivvqe (uqwm 1.1pi+). QRZ 1.25% 10/41 | KA 120% | 60.90 ueeoq (ved) | 4.386 xeqad | 60.875 ueeoq. KZZh 3h10uv. AKHh 549300QI9KKGN85KKR93. Pwe Nwaah 3v. UWNh N+25puu;
Use of Proceeds
Qkzkkig Ejkqjkitk Bkkqjyky

B&I

BWICS & Inventory

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TRACE

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