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Prospect News home > News index > List of issuers W > Headlines for Western Power Distribution (West Midlands) plc > News item
Published on 4/20/2023 in the Prospect News Liability Management Daily.

National Grid unit to repurchase £115.8 million 5.75% instruments

By William Gullotti

Buffalo, N.Y., April 20 – National Grid Electricity Distribution (West Midlands) plc, formerly Western Power Distribution (West Midlands) plc, has agreed to buy back and subsequently cancel £115.8 million of its £800 million 5.75% instruments due April 2032, according to an announcement on Thursday.

Settlement is expected on or around April 24, after which £684.2 million of the instruments will remain outstanding.

National Grid is an electricity and gas company based in London.


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