National Grid Gas Finance Plc Guarantor Substitution (4853L)
03 Ottobre 2016 - 10:34AM
UK Regulatory
TIDM46XU TIDM82HZ
RNS Number : 4853L
National Grid Gas Finance Plc
03 October 2016
National Grid Gas Finance plc ("NGGF")
Notice of Guarantor Substitution to the holders of:
-- GBP650,000,000 Fixed Rate Instruments due 2021 (ISIN: XS1492680811)
-- GBP850,000,000 Fixed Rate Instruments due 2028 (ISIN: XS1492680902)
-- GBP700,000,000 Fixed Rate Instruments due 2038 (ISIN: XS1492681033)
-- GBP800,000,000 Fixed Rate Instruments due 2046 (ISIN: XS1492681116)
-- EUR750,000,000 Fixed Rate Instruments due 2024 (ISIN: XS1493320656),
(each a "Series" and together the "Instruments") each issued by
NGGF under its GBP6,000,000,000 Euro Medium Term Note Programme
(the "Programme").
Notice is hereby given to the holders of the Instruments that,
pursuant to Condition 2.2 of the Instruments, on 1 October 2016
National Grid Gas plc ("NGG") and National Grid Gas Distribution
Limited ("NGGD") delivered a duly executed Deed of Release Notice
(as defined in Condition 2.2 of the Instruments), whereupon NGG was
immediately, automatically and irrevocably released and relieved of
all of its obligations under the Guarantee of the Instruments and
all of its future obligations as a Guarantor of the Instruments
under the Trust Deed (as defined below), the Instruments and the
Coupons (but without prejudice to any obligations which may have
accrued prior to this time) and NGG was immediately, automatically
and irrevocably succeeded by NGGD under the Guarantee of the
Instruments.
In the Deed of Release Notice, NGGD agreed to comply with and be
bound by all provisions of the Agency Agreement (as amended,
modified or supplemented from time to time), the Trust Deed and the
Conditions which relate to the Guarantor or to the Guarantee. NGGD
further agreed to become the Guarantor under the Trust Deed and the
Agency Agreement without any need for NGGF, the Trustee (as defined
below), NGG or any other person to execute or deliver any further
agreement, deed, consent, notice or any other Instrument.
Except as provided herein and as the context may otherwise
require, all words and expressions defined in the trust deed dated
5 September 2016 (the "Trust Deed") relating to the Programme
between NGGF, NGG, NGGD and The Law Debenture Trust Corporation
p.l.c. (the "Trustee"), shall have the same meanings when used in
this notice.
Enquiries
Kwok Liu
Global Capital Markets
National Grid plc
1-3 Strand
London WC2N 5EH
Tel: +44 20 7004 3367
Fax: +44 20 7004 3363
Gemma Stokes
Media Relations
National Grid plc
Warwick House
Warwick Technology Park
Gallows Hill
Warwick CV34 6DA
Tel: +44 1926 655272
Mob: +44 7974 198 333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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