National Grid 5.602% 2028 bond (US636274AD47)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US636274AD47
National Grid's 5.602% USD bond maturing 2028-06-12 (US636274AD47) yields 5.14% to worst as of 2026-10-27. That is 49 bp over the US Treasury curve at its call date and 1 bp above the fitted United Kingdom A–BBB Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 4.65% | +49 bp |
| National Grid Bond Yields (USD) | 5.17% | -2 bp |
| United Kingdom A–BBB Corporate Bond Yields (USD) | 5.13% | +1 bp |
| United Kingdom Investment Grade Corporate Bond Yields (USD) | 5.13% | +2 bp |
| US A–BBB Utilities & Power Corporate Bond Yields (USD) | 5.11% | +4 bp |
| US Investment Grade Utilities & Power Corporate Bond Yields (USD) | 5.12% | +2 bp |
| US A–BBB Corporate Bond Yields (USD) | 5.14% | +1 bp |
| US Investment Grade Corporate Bond Yields (USD) | 5.13% | +1 bp |
The bond
| ISIN | US636274AD47 |
|---|---|
| Issuer | National Grid |
| Issuer type | Corporate |
| Country | United Kingdom |
| Sector | Utilities & Power |
| Currency | USD |
| Coupon | 5.602% |
| Coupon frequency | Semiannual |
| Maturity | 2028-06-12 |
| Next call | 2028-05-12 |
| Rating band | A+–BBB- (Investment Grade) |
| Yield to worst | 5.14% |
| Priced to | call on 2028-05-12 |
| Yield to maturity | 5.16% |