FRN Variable Rate Fix

Summary by AI BETAClose X

National Grid Electricity Transmission plc set the variable rate for its Series 48 GBP 150,000,000 Index-Linked FRN (ISIN XS0294583322) for the period 11/2/2026–5/2/2027 at 3.936% on 11/2/2026; the payment date is 5/4/2027, covering 181 days, with a GBP 50,000 denomination resulting in GBP 984 payable per denomination and a total coupon payment of GBP 2,952,000; the note matures 2 May 2039.

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