![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Hsbc Bk. 23 | LSE:87QJ | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
TIDMNG. TIDM87QJ RNS Number : 1990Q National Grid PLC 29 July 2010 NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (the United States) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY (Italy). 29 JULY 2010 NATIONAL GRID PLC (National Grid) AND NGG FINANCE PLC (NGGF) FINAL PRICING OF THE FIXED RATE NOTES National Grid announces the final pricing of the Fixed Rate Notes in relation to its invitation to holders of its outstanding GBP414,000,000 6.125 per cent. Instruments due April 2014 (ISIN: XS0412068453) (the Sterling Fixed Rate Notes) and EUR750,000,000 Floating Rate Instruments due 2012 (ISIN: XS0267821394) (the Floating Rate Notes) and NGGF announces the final pricing of the Fixed Rate Notes in relation to its invitation to holders of its EUR750,000,000 6.125 per cent. Guaranteed Bonds due 2011 (ISIN: XS0133729771) (the Euro Fixed Rate Notes and, together with the Sterling Fixed Rate Notes, the Fixed Rate Notes and, altogether with the Floating Rate Notes, the Notes) to tender their Notes for purchase by National Grid or NGGF, as the case may be, for cash (each such invitation, an Offer and together, the Offers). The Offers were announced on Wednesday, 21 July 2010 and were made on the terms and subject to the conditions contained in the tender offer memorandum dated 21 July 2010 (the Tender Offer Memorandum) prepared by National Grid and NGGF in connection with the Offers. Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum. The Expiration Deadline for the Offers was 4.00 p.m. (London time) on Wednesday, 28 July 2010. The Series Acceptance Amounts, the Floating Rate Purchase Price and the Purchase Spreads were announced earlier today. The cash purchase price National Grid will pay for the Sterling Fixed Rate Notes validly tendered and accepted for purchase will be 109.359 per cent. of the nominal amount of the relevant Sterling Fixed Rate Notes. The Accrued Interest Payment will be GBP18.46 per GBP1,000 in nominal amount of the relevant Sterling Fixed Rate Notes. The cash purchase price NGGF will pay for the Euro Fixed Rate Notes validly tendered and accepted for purchase will be 104.786 per cent. of the nominal amount of the relevant Euro Fixed Rate Notes. The Accrued Interest Payment will be EUR57.89 per EUR1,000 in nominal amount of the relevant Euro Fixed Rate Notes. A summary of the pricing terms for the Fixed Rate Notes appears below: +----------+-----------+--------------+----------+----------+----------+ | | Benchmark | Interpolated | Purchase | Purchase | Purchase | | | Security | Mid-Swap | Spread | Yield | Price | | | Rate | Rate | | | | +----------+-----------+--------------+----------+----------+----------+ | Sterling | 1.956 | - | +140 | 3.356 | 109.359 | | Fixed | per | | bps | per | per | | Rate | cent. | | | cent. | cent. | | Notes | | | | (semi | | | | | | | annual) | | +----------+-----------+--------------+----------+----------+----------+ | Euro | - | 1.265 | +25 | 1.515 | 104.786 | | Fixed | | per | bps | per | per | | Rate | | cent. | | cent. | cent. | | Notes | | | | (annual) | | +----------+-----------+--------------+----------+----------+----------+ The Settlement Date is expected to be on Tuesday, 3 August 2010. BNP Paribas and HSBC Bank plc are acting as Dealer Managers for the Offers. Lucid Issuer Services Limited is acting as Tender Agent. For detailed terms of the Offers please refer to the Tender Offer Memorandum. +-------------------------------------+---------------------------------+ | DEALER MANAGERS | +-----------------------------------------------------------------------+ | BNP Paribas | HSBC Bank plc | | 10 Harewood Avenue | 8 Canada Square | | London NW1 6AA | London E14 5HQ | | United Kingdom | United Kingdom | | Telephone: +44 20 7595 8668 | Telephone: +44 20 7991 5874 | | Attention: Liability | Attention: Liability | | Management Group | Management Group | | Email: | Email: | | liability.management@bnpparibas.com | liability.management@hsbcib.com | | | | +-------------------------------------+---------------------------------+ | TENDER AGENT | +-----------------------------------------------------------------------+ | Lucid Issuer Services Limited | | Leroy House | | 436 Essex Road | | London N1 3QP | | United Kingdom | | Telephone: +44 20 7704 0880 | | Fax: +44 20 7067 9098 | | Attention: Sunjeeve Patel and Thomas Choquet | | Email: nationalgrid@lucid-is.com | | | +-------------------------------------+---------------------------------+ DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of National Grid, NGGF, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. This information is provided by RNS The company news service from the London Stock Exchange END RTELLFSEDVIAFII
1 Year Hsbc Bk. 23 Chart |
1 Month Hsbc Bk. 23 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions