FRN Variable Rate Fix

Summary by AI BETAClose X

National Grid Gas plc fixed the variable rate on its Series 50 Index-Linked FRN (ISIN XS0289189093) at 4.02494% for the period 11/1/2026 to 5/1/2027 covering 181 days, with a payment date of 5/4/2027; the issue nominal is GBP 50,000,000, the denomination is GBP 50,000, the amount payable is GBP 1,006.24 per denomination and totals GBP 1,006,235, and the bond matures on 1 May 2037, so the announcement specifies the coupon calculation and the next cash outflow for this debt instrument.

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