National Grid’s first retail bond which raised £260m – the largest amount raised to date in an ORB transaction - has reopened today due to popular demand to raise a minimum of £10million.

Malcolm Cooper, Global Tax and Treasury Director at National Grid, said: “We are delighted at the success of our first retail bond and having seen that there is still additional demand for this product, we have reopened this offer to give investors another opportunity to buy”.

An increase of National Grid Plc’s 1.25% RPI Linked Retail Bond due 2021 by £10m at an issue price of 101.35 per cent. plus 15 days of accrued interest is being underwritten by joint lead managers Barclays Capital and Evolution. Settlement 21 October. Rating BBB+/Baa1. Securities. CREST/Clearstream/Euroclear. ISIN XS0678522490

Contact for further media information only:

Gemma Stokes
National Grid Media Relations

T: +44 (0)1926 655272
E: gemma.stokes@uk.ngrid.com

Out of hours duty press officer:
T: +44 (0) 1926 653000

Notes to Editors:

National Grid

National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks.  The company is at the heart of one of the greatest challenges facing our society - to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century.  National Grid holds a vital position at the centre of the energy system and we ‘join everything up’. 

In Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country.  In the North Eastern US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.

National Grid in the UK:
• We own the high-voltage electricity transmission network in England and Wales, operating it across Great Britain
• We own and operates the high pressure gas transmission system in Britain
• Our gas distribution business delivers gas to 11 million homes and businesses
• We also own a number of related businesses including LNG importation, land remediation and metering
• National Grid manages the National Gas Emergency Service free phone line on behalf of the industry - 0800 111 999 (all calls are   recorded and may be monitored).