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Published on 9/7/2010 in the Prospect News Liability Management Daily.

National Grid repurchases £47.59 million of its 7% bonds due 2024

By Devika Patel

Knoxville, Tenn., Sept. 7 - National Grid Gas plc announced it repurchased and will cancel £47.59 million of its £503.08 million in 7% fixed-rate bonds due Dec. 16, 2024.

Following this, there are £304.557 million of the bonds remaining.

National Grid is a London-based gas transmission and distribution company.


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