National Gas Transmission PLC RPI-Linked Instruments

RNS Number : 0174V

National Gas Transmission PLC

28 January 2025

 

RNS Number: 0174V

National Gas Transmission plc

28 January 2025               

 

 

 

National Gas Transmission plc

£300,000,000 1.754 per cent. RPI-Linked Instruments due 2036 (ISIN: XS0270621138)

(the "Instruments")

National Gas Transmission plc ("NGT") announces that it has agreed a privately negotiated bilateral repurchase of £160,000,000 in principal amount of the Instruments for cash on 4 February 2025 (the "Repurchased Instruments") at a price equal to £ 293,636,000 with the sole holder of all of the Instruments (the "Repurchase").

The Repurchase is subject to the issuance by NGT of £300,000,000 of instruments under its Euro 10,000,000,000 Euro Medium Term Note Programme, which is expected to occur on 4 February 2025. 

Once concluded, the Repurchase will leave £140,000,000 in principal amount of the Instruments outstanding.

It is expected that the Repurchased Instruments will be cancelled and delisted on or before 5 February 2025.

 

 

For further information, please contact:

 

Anh Duong, Head of Treasury, Pensions and Insurance                  [phone]

 

 

 

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