RPI-Linked Instruments
RNS Number: 0174V
National Gas Transmission plc
28 January 2025
National Gas Transmission plc
£300,000,000 1.754 per cent. RPI-Linked Instruments due 2036 (ISIN: XS0270621138)
(the "Instruments")
National Gas Transmission plc ("NGT") announces that it has agreed a privately negotiated bilateral repurchase of £160,000,000 in principal amount of the Instruments for cash on 4 February 2025 (the "Repurchased Instruments") at a price equal to £ 293,636,000 with the sole holder of all of the Instruments (the "Repurchase").
The Repurchase is subject to the issuance by NGT of £300,000,000 of instruments under its Euro 10,000,000,000 Euro Medium Term Note Programme, which is expected to occur on 4 February 2025.
Once concluded, the Repurchase will leave £140,000,000 in principal amount of the Instruments outstanding.
It is expected that the Repurchased Instruments will be cancelled and delisted on or before 5 February 2025.
For further information, please contact:
Anh Duong, Head of Treasury, Pensions and Insurance +44 (0) 7590 250 650
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 5 hours ago CLS Holdings
- 6 hours ago Cohort
- 7 hours ago Rolls-Royce Holdings
- 7 hours ago JPMorgan Global Core Real Assets Limited NPV (EUR)
- 7 hours ago JPMorgan Global Core Real Assets Limited NPV (EUR)