Northern Gas Networks Finance plc, founded in 2005 and based in the United Kingdom, serves as the financing arm for Northern Gas Networks Limited, ensuring the provision of quality gas distribution services across northern England. The company specializes in raising debt through various financial instruments, primarily aimed at funding infrastructure and operational requirements in the gas sector.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NGN 4.88% 2027-06-30 GBPNorthern Gas Networks Finance plc | United Kingdom | 2027-06-30 | 4.875 | 4.32 |
| NGN 4.88% 2035-11-15 GBPNorthern Gas Networks Finance plc | United Kingdom | 2035-11-15 | 4.875 | 5.52 |
| NGN 5.63% 2040-03-23 GBPNorthern Gas Networks Finance plc | United Kingdom | 2040-03-23 | 5.625 | 5.93 |
| NGN 6.13% 2033-06-02 GBPNorthern Gas Networks Finance plc | United Kingdom | 2033-06-02 | 6.125 | 5.11 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Northern Gas Networks Finance plc has been active in the bond market, issuing its first bonds shortly after its establishment to support growth initiatives. Notably, in 2020, the company launched a substantial £350 million bond issuance, which provided critical financing for network improvements. The bonds typically offer attractive yields compared to industry benchmarks, with recent issues featuring a unique green bond designation aimed at promoting sustainable practices within the gas distribution sector. In 2023, the company announced a refinancing strategy to enhance liquidity, reflecting its proactive approach to managing financial obligations in a changing regulatory environment.