National Grid Plc, headquartered in London, UK, was founded in 1990 and is primarily focused on electricity and gas infrastructure management. The company plays a critical role in delivering energy to millions by transporting electricity and gas across the UK and northeastern US, facilitating energy transition and providing a reliable supply to consumers and businesses alike. National Grid’s operations encompass the management of transmission networks for both electricity and gas distribution, ensuring safety, efficiency, and sustainability in energy supply.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
National Grid Plc has a long history of bond issuances, having started its borrowing activities shortly after its formation in the early 1990s. Notable issuances include its €1 billion bond in 2015, aimed at refinancing existing debt, which reflected a commitment to maintaining strong liquidity. As of October 2023, National Grid’s bonds are yielding around 3.5%, which is competitive compared to industry peers. The company has also issued green bonds as part of its commitment to sustainability, with proceeds directed towards environmentally friendly projects.