Debt investor relations is managed by Treasury’s Corporate Banking team. This team is the first point of contact for queries on Group structure, company history, credit ratings, debt issuance and repurchase.
Long term debt portfolio
National Grid’s long term debt portfolio mainly consists of bonds issued under the following entities:
|Debt profile groups
National Grid plc
NGG Finance plc
|NGUSA operating companies
Niagara Mohawk Power Company
Massachusetts Electric Company
The Narragansett Electric Company
New England Power Company
Granite State Electricity Company
KeySpan Corp Companies
National Grid Electricity Transmission plc
|National Grid Gas plc
British Transco International Finance
British Transco Finance Inc
British Transco Finance (no 3)
Debt is issued in a variety of currencies. Bonds are issued in either dollars or sterling, which are swapped back into dollars and/or sterling. All non-sterling bonds issued in the National Grid Electricity Transmission and National Grid Gas groups are swapped back into sterling.
The long term debt maturity portfolio ranges out to 50yrs.
National Grid long term debt maturity profile
The indicative exchange rate used is GBPUSD = 1.298 (As at 30 September 2016)
The x axis states the financial year the debt matures, whilst the y axis states the outstanding level of debt in sterling millions maturing.