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LONDON - National Grid (LON:NG) North America Inc. has completed a dual tranche bond issuance consisting of a €500 million and a €700 million offering, according to a post-stabilization announcement released Thursday.
The first tranche of €500 million carries a fixed annual coupon of 3.150% with maturity set for June 3, 2030. The second tranche of €700 million features a fixed annual coupon of 3.917% with maturity on June 3, 2035. Both tranches were priced at 100% of face value.
Societe Generale (OTC:SCGLY) acted as the stabilization manager for the offering, though the announcement indicated that no stabilization activities were undertaken in relation to the securities.
The stabilization period, which began on May 27, 2025, was expected to end no later than July 3, 2025.
The bonds have not been and will not be registered under the United States Securities Act of 1933, according to the statement. They cannot be offered or sold in the United States without registration or an applicable exemption.
The announcement was made through RNS, the news service of the London Stock Exchange (LON:LSEG), which is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
This information is based on a press release statement issued by Societe Generale regarding the National Grid North America Inc. bond offering.
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