PPL Capital's 5.9% debentures due 2073 admitted to trading on NYSE

By Tali David

Minneapolis, March 18 - PPL Capital Funding Inc.'s 5.9% 2013 series B junior subordinated notes due 2073 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "PPX."

The company priced an upsized $450 million of the $25-par notes on March 15, including a $50 million greenshoe.

As previously reported, BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to fund capital expenditures and for general corporate purposes.

PPL is an Allentown, Pa.-based energy company.

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