National Grid plc Sponsored ADR (NGG)
Market Closed
3 Jun, 20:00
$
80. 23
-0.41
-0.5084%
$
84.45B Market Cap
15.18 P/E Ratio
3.54% Div Yield
1.03M Volume
0 Eps
$ 80.64
Previous Close 
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National Grid launches deep discount share issue to pay for network upgrade
National Grid announces deep discount rights issues and asset sales to pay for network upgrade National Grid has the market's appetite post the election call with a £7 billion equity raise as part of a five-year £60 billion infrastructure investment programme and debt restructuring. The issue is being priced at 645p, a near 40% discount to last night's close suggesting it must have been a struggle to persuade investors to stump up the cash, even though it is fully underwritten.
Proactiveinvestors | 2 years ago
