National Grid 2008 Annual Report Download - page 212

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 21906
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 6
Description: EXH 2(B).6.1
0/2610.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/610/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 21906
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 6 Description: EXH 2(B).6.1
0/2610.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/610/2*
OVERVIEW OF THE PROGRAMME
The following overview is qualified in its entirety by the remainder of this Prospectus.
6
Issuer National Grid USA
Description Euro Medium Term Note Programme
Size Up to Euro 4,000,000,000 (or its equivalent in other currencies at the date of issue)
aggregate nominal amount of Instruments outstanding at any one time.
Arran
g
er HSBC Bank
p
lc
Dealer HSBC Bank plc
The Issuer may from time to time terminate the appointment of any dealer under
the Pro
g
ramme or appoint additional dealers either in respect of one or more
Tranches or in respect of the whole Pro
g
ramme. References in this Prospectus to
the “Permanent Dealers” are to the person listed above as Dealer and to such
additional persons that are appointed as dealers in respect of the whole
Programme (and whose appointment has not been terminated) and to “Dealers”
are to all Permanent Dealers and all persons appointed as a dealer in respect of
one or more Tranches.
Trustee The Law Debenture Trust Cor
p
oration
p
.l.c.
Issuing and Paying Agent The Bank of New York
Other Pa
y
in
g
A
g
ent Kredietbank S.A. Luxembour
g
eoise
Method of Issue The Instruments will be issued on a syndicated or non-syndicated basis. The
Instruments will be issued in series (each a “Series”) havin
g
one or more issue
dates and on terms otherwise identical (or identical other than in respect of the first
payment of interest), the Instruments of each Series bein
g
intended to be
interchan
g
eable with all other Instruments of that Series. Each Series may be
issued in tranches (each a “Tranche”) on the same or different issue dates. The
specific terms of each Tranche (which will be completed, where necessary, with
supplemental terms and conditions and, save in respect of the issue date, issue
price, first payment of interest and nominal amount of the Tranche, will be identical
to the terms of other Tranches of the same Series) will be completed in the final
terms document
(
the “Final Terms”
)
.
Issue Price Instruments may be issued at their nominal amount or at a discount or premium to
their nominal amount. Partly Paid Instruments may be issued, the issue price of
which will be payable in two or more instalments.
Form of Instruments The Instruments may be issued in bearer form only. Each Tranche of Instruments
will be represented on issue by a temporary Global Instrument. The Temporary
Global Instrument ma
y
be de
p
osited on the relevant issue date with