National Grid (NYSE: NGG) issues $750M 5.405% notes due 2036
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
National Grid plc has issued U.S.$750,000,000 aggregate principal amount of 5.405% Notes due 2036 and is submitting a set of related documents. These materials are being filed so they can be incorporated into the company’s existing Registration Statement on Form F-3.
The filing includes the underwriting agreement, a Third Supplemental Indenture setting the terms of the new notes, the form of global note, and legal opinions and consents from Linklaters LLP covering both English and New York law. The report is signed on behalf of National Grid by the Head of Plc Governance.
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Key Figures
Notes issued: U.S.$750,000,000 aggregate principal amount
Coupon rate: 5.405%
Maturity year: 2036
+2 more
5 metrics
Notes issued
U.S.$750,000,000 aggregate principal amount
5.405% Notes due 2036
Coupon rate
5.405%
Interest rate on Notes due 2036
Maturity year
2036
Maturity of 5.405% Notes
Underwriting agreement date
June 4, 2026
Date of underwriting agreement for the notes
Third Supplemental Indenture date
June 9, 2026
Date of supplemental indenture governing the notes
Key Terms
Registration Statement on Form F-3, Third Supplemental Indenture, Global Note, foreign private issuer, +1 more
5 terms
Registration Statement on Form F-3 regulatory
"solely for incorporation into the Registration Statement on Form F-3"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
Third Supplemental Indenture financial
"Third Supplemental Indenture to the Indenture among National Grid plc"
Global Note financial
"Form of Global Note for the 5.405% Notes due 2036"
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
aggregate principal amount financial
"issuance by National Grid plc of U.S.$750,000,000 aggregate principal amount"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
FAQ
What did National Grid (NGG) report in its June 2026 Form 6-K?
National Grid reported the issuance of U.S.$750,000,000 of 5.405% Notes due 2036 and filed related contracts, legal opinions, and consents so these materials can be incorporated into its existing shelf Registration Statement on Form F-3.
What are the key terms of National Grid (NGG) 5.405% Notes due 2036?
The notes have an aggregate principal amount of U.S.$750,000,000 and bear interest at 5.405% with a maturity in 2036. The detailed terms are documented in a Third Supplemental Indenture and a form of global note included as exhibits in the filing.
Why did National Grid (NGG) file these documents into its Form F-3 registration?
National Grid filed the underwriting agreement, supplemental indenture, global note form, and legal opinions so they are formally incorporated into its existing Form F-3 Registration Statement, supporting the registered status of the newly issued 5.405% Notes due 2036 in the U.S. market.
Which legal opinions support the National Grid (NGG) 5.405% Notes due 2036?
Linklaters LLP provided legal opinions on the validity of the debt securities under English law and New York law. Their related consents are also filed, ensuring the opinions can be used within National Grid’s Form F-3 Registration Statement for the 5.405% Notes due 2036.
Who signed the June 2026 National Grid (NGG) Form 6-K?
The Form 6-K was signed on behalf of National Grid plc by Beth Melges, who is identified as Head of Plc Governance. This signature confirms the company’s authorization of the filing related to the U.S.$750,000,000 5.405% Notes due 2036.