National Grid 2008 Annual Report Download - page 185

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 39615
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 89
Description: EXH 2(B).5.1
0/6568.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/568/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 39615
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 89 Description: EXH 2(B).5.1
0/6568.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/568/6*
89
9. Interest Basis: [[•] per cent. Fixed Rate]
[[
specify reference rat
e
]
+
/
-
[
•
]
p
er cent. Floatin
g
Rate
]
[Zero Coupon]
[
Index Linked Interest
]
[Other (specify)]
(
further
p
articulars s
p
ecified below
)
10. Redemption/Payment Basis: [Redemption at par]
[
Index Linked Redem
p
tion
]
[Dual Currency]
[
Partl
y
Paid
]
[Instalment]
[
Other
(
specif
y
)]
[N.B. If the Final Redemption Amount is less than 100 per cent. of the nominal
value, the Instruments will constitute derivative securities for the purposes of the
Prospectus Directive and the requirements of Annex XII to the Prospectus
Directive Regulation No.809/2004 will apply and the Issuer will prepare and
publish a supplement to the Prospectus.]
11. Chan
g
e of Interest or Redemption/Payment
Basis:
[Specify details of any provision for convertibility of Instruments into another
interest or redemption/ payment basi
s
]
12. Put/Call O
p
tions:
§
[
Investor Put
]
[
Issuer Call
]
[(further particulars specified below)]
13. (i) Status of the Instruments: Senior
(ii) Date [Board] approval for issuance of
Instruments obtained:
[ ] [and [ ], respectively]]
(N.B Only relevant where Board (or similar) authorisation is required for the
particular tranche of Instruments)
]
14. Method of distribution:
[
S
y
ndicated/Non-s
y
ndicated
]
PROVISIONS RELATING TO INTEREST
(
IF ANY
)
PAYABLE
15. Fixed Rate Instrument Provisions
[
A
pp
licable/Not A
pp
licable
]
(If not applicable, delete the remaining sub-paragraphs of this paragraph)
(i) Rate[(s)] of Interest: [ ] per cent. per annum [payable [annually/semi-annually/quarterly/monthly] in
arrear]
(ii) Interest Payment Date(s): [ ] in each year
(iii) Fixed Coupon Amount[(s)]: [ • ] per Calculation Amount
§
If Instruments are issued by National Grid, only insert any additional put/call option other than the National Grid Restructuring Put contained in Condition 5.6 and the call option
contained in Condition 5.5.1. This does not include the National Grid or NGET Restructuring Put in Condition 5.6.