National Grid 2008 Annual Report Download - page 351

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 16208
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 8
Description: EXH 2(B).7.1
0/4762.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/762/4*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 16208
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 8 Description: EXH 2(B).7.1
0/4762.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/762/4*
OVERVIEW OF THE PROGRAMME
The following overview is qualified in its entirety by the remainder of this Prospectus.
8
Issuers National Grid Gas
p
lc
(
re
g
istered number 2006000
)
.
National Grid Gas Finance (No 1) plc (registered number 5895068).
Guarantor National Grid Gas plc (in respect of Instruments to be issued by National Grid Gas
Finance
(
No 1
)
p
lc
)
.
Descri
p
tion Euro Medium Term Note Pro
g
ramme.
Size Up to Euro 10,000,000,000 (or the equivalent in other currencies at the date of
issue) aggregate nominal amount of Instruments outstanding at any one time.
Arranger HSBC Bank plc
Princi
p
al Dealers Barcla
y
s Bank PLC
Deutsche Bank AG, London Branch
HSBC Bank
p
lc
J.P. Mor
g
an Securities Ltd.
Mizuho International
p
lc
The Royal Bank of Scotland plc
The Issuers and the Guarantor 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 “Permanent Dealers” are to the persons listed above as Dealers
and to such additional persons that are appointed as dealers in respect of the
whole Pro
g
ramme (and whose appointment has not been terminated) and to
“Dealers” are to all Permanent Dealers and all persons appointed as a dealer in
res
p
ect of one or more Tranches.
Trustee The Law Debenture Trust Corporation p.l.c.
Issuing and Paying Agent The Bank of New York
Other Paying Agents Kredietbank S.A. Luxembourgeoise.
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