Ok is there a mutter from the gutter going about today or what?
Shares are now consolidated, payout deadline gone, no official
news......??????

(scratches head......)

Any clues among us beautiful BB'ers this afternoon?

I love these boring shares - 639 is the 12 month high.

National Grid Index-Linked 2021
National Grid PLC has launched the first index-linked bond in the resurgent Sterling retail bond markets, which distributes gas and electricity in the UK and operates utilities in the USA.

The company plans to raise around 100 to 200 million from the new security, offering a new retail-targeted 10-year bond with both the coupon and the redemption proceeds linked to the RPI.

Mark Glowrey, analyst and director at Stockcube Research comments:

Structurally, the NG issue mirrors the "old style" index-linked gilts. The bond is issued at par with a 1.25% coupon. This coupon will be adjusted by the RPI going forward (on an 8-month lagging basis). Thus, if over the next five years the RPI increases by 20%, the coupon will creep up to 1.5%. Perhaps more importantly, the value of the principle is also protected by the RPI linkage. If the RPI increases by 40% over the ten-year period of the bond, holders will receive back 140p in the pound on the bond's maturity in 2021. However, the converse is also true if the RPI decreases, the coupon and the value of the principle will also decrease.

Nice one NG

Harry - check post 98.

Gotcha..... failed to see that. Will sit on the naughty step for an hour.

Not sure the new bond is such a good idea for retail investors, unless they have stacks of dosh and are prepared to lock up cash for a long period. I suppose premiership footballers and the like are better targets than us mortals.

12 month high just gone.

NG. v UKX

.

Sorry - UKX - now annotated.

.

Chart wise 660 looks achievable.

Easy peasy skinny, 700 before end of the year.

That will be 650 then - I love boring shares :-)

You should buy Tesco then.

Bernard - I have them - albeit from north of the current price.

You would have made more money putting the cash in the post office.

Here is a man who trusts his wife :-)

RNS Number : 6901O

National Grid PLC

21 September 2011

21 September 2011

National Grid plc (NG.)

Directors Interests In Shares

Nick Winser has received confirmation from the Company's Registrars that 196,112 NG ordinary shares formerly registered in his own name have today been transferred to his spouse, Mrs D Winser. His interest remains unchanged, in a total of 1,032,301 NG ordinary shares.

Dir shares move)... That confuses me, still never mind.

Now, anyone into these NG. Bonds? They look like good value, being g'teed not to fall below their "face value" - and will pay 1.5% above inflation . . . so very good if inflation develops - which more QE is bound to happen, even if very slowly.

RNS Number : 1532P

National Grid PLC

29 September 2011

29 September 2011

National Grid plc

Board Appointment

National Grid today announces the appointment of Ruth Kelly as a Non-executive Director with effect from 1 October 2011.

Ruth Kelly is a Managing Director at Hsbc and has held various important roles during her ministerial career in Government from 2001 to 2008. These roles included Secretary of State for Transport, Secretary of State for Communities and Local Government, Secretary of State for Education and Skills and Financial Secretary to the Treasury. She is also a Governor for the National Institute of Economic and Social Research. She has a MSc in Economics from the London School of Economics and spent her early career in the Bank of England.

Sir John Parker, Chairman, said: "I warmly welcome Ruth to the Board of National Grid. Ruth brings a wealth of financial and economic experience, knowledge of large infrastructure projects and the regulatory interfaces from her years in the higher levels of Government and in her current role at HSBC."

National Grid confirms that no further information is required to be disclosed pursuant to LR 9.6.13R of the Listing Rules of the UK Financial Services Authority.

RNS Number : 2514P

National Grid PLC

30 September 2011

National Grid PLC 30 September 2011 National Grid RPI Linked 10 year Sterling Bond - Close of Offer Period

National Grid announces that the offer period for its RPI linked 10 year Sterling bond which began on September 13(th) has now closed. The final issue size is GBP260m.

National Grid is the first company to issue an RPI linked bond available to retail investors and listed on the LSE's Order Book for Retail Bonds ("ORB"), having previously only offered such bonds to major institutional investors. This issue also represents the largest amount raised to date in an ORB transaction.

Malcolm Cooper, Global Tax and Treasury Director at National Grid, said:

"This has clearly exceeded our expectations and we are extremely pleased about the total amount raised. This shows that there is demand for inflation linked products from a business such as National Grid".

National Grid has a history of diversifying its funding sources as a prudent way of managing risk and the success of this offering means that National Grid may consider expanding its offerings to retail investors over the coming years.

Is this Bond listed on this site....can someone give me the "Code" so I can track this issue?

Wasn't this a Retail Offer (last lines of 119=prev. post).