National Grid Electricity Distribution Cancels 3.5% Notes Due October 2026 From London Trading

National Grid Electricity Distribution PLC cancelled its 3.500% notes due 16/10/2026 from admission to trading on the London Stock Exchange, effective October 20, 2026. Investegate published the cancellation notice. The cancellation was requested by the company and applies to bearer notes of GBP100,000 each and integral multiples of GBP1,000 in excess thereof up to and including GBP199,000.

National Grid Electricity Distribution's Note Cancellation

The notice, dated 20/10/2026 at 08:00, states that the securities have been cancelled from admission to trading on the London Stock Exchange with effect from the time and date of the notice. The notes are identified by the code BF12SC7 and ISIN XS1893807120, and the notice also carries the designation WESTERN POWER D/3.5EUR NT AMORT PN. National Grid Electricity Distribution PLC is the issuer whose request prompted the cancellation. The notice was distributed through RNS, the news service of the London Stock Exchange, which is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. The cancellation covers the full paid notes represented by bearer notes of GBP100,000 each and integral multiples of GBP1,000 in excess thereof up to and including GBP199,000.

National Grid's Investment and Funding Records

National Grid committed £11.6 billion of capital investment in FY2026, up 18% year-on-year, as the first tranche of an approximate £70 billion five-year investment programme through 2030/31, according to akta.pro company records. The same records show £5.7 billion in underlying operating profit for FY2026, reported in May 2026, alongside 8% underlying EPS growth. National Grid's funding rounds on record number six, including a $2 million grant led by NYSERDA in August 2025 and a $937.8 million post-IPO debt round led by SEK in July 2025. The company's total funding stands at $1 billion, with a valuation estimate of $25 billion+ and a revenue estimate of $5 billion+.

Earlier National Grid Developments

National Grid completed a 2.2km cable tunnel beneath the River Thames 49 days ahead of schedule on 27 September, with the TBM Caroline installing over 10,000 concrete segments, Newcivilengineer reported in October 2026. National Grid named 31 suppliers on a framework for civil engineering and building work at electricity substations across its NGED network, with a combined contract value of £600 million excluding VAT, Newcivilengineer reported in October 2026. National Grid plc provided earnings guidance for the half year ended 30 September 2026, expecting operating profit to be broadly consistent with the prior year, MarketScreener reported in October 2026.