debt
confidence high
sentiment neutral
materiality 0.50
PPL Electric issues $500M of 5.55% First Mortgage Bonds due 2055
PPL ELECTRIC UTILITIES CORP
- $500M aggregate principal of First Mortgage Bonds, 5.55% Series due August 15, 2055.
- Bonds secured by a lien on substantially all distribution and certain transmission properties.
- Net proceeds to repay short-term debt and for general corporate purposes.
- Underwritten by Barclays, Mizuho, PNC, RBC under existing shelf registration.
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