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National Grid launches 10-year savings bond to fund capital investment

Power distribution giant National Grid has today launched a 10 year retail savings bond to help fund capital infrastructure projects today.

The firm is offering a 10 year bond paying 1.25% above the retail price index (RPI), which is open to all investors.

National Grid is tapping into the market to help fund its £22bn capital spending programme.

Ofgem’s latest estimates show £200bn investment is required in updating the UK’s energy infrastructure, with major work required to cope with increased demand on the Grid from the upcoming Round Three Offshore Wind programme.

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