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UTILITIES: National Grid North America (NGGLN Baa2/BBB/NR): New Issue FV

UTILITIES
  • IPT: Exp. EU500m 5Y MS+135 Area, Exp. EU500m 10Y MS+175 Area.
  • We see FV at MS+105a, MS+145a.
  • We peg FV in line with the better populated parent curve, same rating.
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  • IPT: Exp. EU500m 5Y MS+135 Area, Exp. EU500m 10Y MS+175 Area.
  • We see FV at MS+105a, MS+145a.
  • We peg FV in line with the better populated parent curve, same rating.