National Grid 2008 Annual Report Download - page 412

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 42940
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: 69
Description: EXH 2(B).7.1
0/2823.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/823/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 42940
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: 69 Description: EXH 2(B).7.1
0/2823.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/823/2*
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
69
[
Index Linked Interest
]
[
Other
(
s
p
ecif
y)]
(further particulars specified below)
10 Redem
p
tion/Pa
y
ment Basis:
[
Redem
p
tion at
p
ar
]
[Index Linked Redemption]
[Dual Currency]
[
Partl
y
Paid
]
[Instalment]
[Other (specify)]
11 Change 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 Options: [Investor Put]
[
Issuer Call
]
[(further particulars specified below)]
13
(
i
)
Status of the Instruments: Senior
[(ii) Status of the Guarantee: Senior]*
[(iii)] Date [Board] approval for issuance of
Instruments [and the Guarantee]*
obtained:
[] (N.B Only relevant where Board (or similar) authorisation
is required for the particular tranche of Instruments[or related
Guarantee]
)
]
14 Method of distribution: [Syndicated/Non-syndicated]
15 Fixed Rate Instrument Provisions [Applicable/Not Applicable]
(If not applicable, delete the remaining sub-paragraphs of this
para
g
raph
)
(i) Rate[(s)] of Interest: [ ] per cent. per annum [payable [annually/semi-
annuall
y
/
q
uarterl
y
/monthl
y]
in arrear
]
(ii) Interest Payment Date(s): [ ] in each year commencing on [ ] and ending on [ ]
(
iii
)
Fixed Cou
p
on Amount
[(
s
)]
:
[
]
p
er Calculation Amount
(iv) Broken Amount(s): [] per Calculation Amount, payable on the Interest Payment
Date falling [in/on] [ ]
(
v
)
Da
y
Count Fraction
(
Condition 3.2.4
(
i
))
:
[
30/360 / Actual/Actual
(
ICMA/ISDA
)
/Other
]
(vi) Determination Dates (Condition 3.2.4(i)): [] in each year (insert regular interest payment dates,
ignoring issue date or maturity date in the case of a long or
short first or last coupon. N.B. only relevant where Day Count
Fraction is Actual/Actual (ICMA))
(vii) Other terms relatin
g
to the method of
calculatin
g
interest for Fixed Rate
Instruments:
[Not Applicable/give details]
* Onl
y
a
pp
licable where National Grid Gas Finance
(
No 1
)
is the Issuer.