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PPL Electric plans 30-year first mortgage bonds via four bookrunners
By Devika Patel
Knoxville, Tenn., May 8 – PPL Electric Utilities Corp. expects to price first mortgage bonds due 2047, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then are callable at par.
Citigroup Global Markets Inc., Mizuho Securities USA Inc., RBC Capital Markets Corp. and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to repay short-term debt.
The electric company is based in Allentown, Pa.
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