National Grid Electricity Transmission Plc, founded in 1990 and headquartered in London, serves as the electricity transmission operator in England and Wales. Its primary purpose is to ensure the efficient and reliable transmission of electricity from generation sites to substations, maintaining the integrity of the national grid. The company's key services include the management and operation of high voltage electricity transmission networks, ensuring secure and stable electricity supply across its operational territories.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
National Grid Electricity Transmission began issuing bonds in 2003 as part of its financing strategy to support infrastructure developments. Notable bond issuances include the £700 million bond in 2020 with a 1.625% coupon rate, which reflects a lower yield compared to the industry average, showcasing strong investor confidence. In recent years, the company has also focused on green bonds, contributing to sustainability initiatives, with a significant £300 million green bond launched in 2021 to fund renewable energy projects.