Bloomberg News

National Grid Raises 260 Million Pounds From Index-Linked Bonds

September 30, 2011

Sept. 30 (Bloomberg) -- National Grid Plc, the operator of Britain’s power-distribution network, said it will raise 260 million pounds ($404 million) from a sale of inflation-linked bonds to individual investors.

The 10-year securities will be the largest issue listed on the London Stock Exchange Group Plc’s Order Book for Retail Bonds, London-based National Grid said in a statement.

“This shows that there is demand for inflation-linked products from a business such as National Grid,” Malcolm Cooper, the company’s global tax and treasury director, said in the statement. “This has clearly exceeded our expectations and we are extremely pleased about the total amount raised.”

--Editors: Andrew Reierson, Michael Shanahan

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net


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