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PPL Electric eyeing $350 million 30-year first mortgage bonds
By Aleesia Forni
Virginia Beach, Sept. 28 – PPL Electric Utilities Corp. intends to sell a $350 million offering of first mortgage bonds due 2045, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
Barclays, RBC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the joint bookrunners.
Proceeds will be used to repay short-term debt and for other general corporate purposes.
The electric company is based in Allentown, Pa.
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