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Issuer / Guarantor
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PPL Capital Funding Inc / PPL Corporation
|
|
Size
|
USD 1150mn
|
|
Type
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Convertible
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|
Leads
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Wells Fargo, Barclays, Goldman Sachs, Mizuho, MUFG, Scotia Capital
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|
|
|
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Maturity
|
01 Dec 2030 (5 years)
|
|
Coupon
|
3% (2.5 - 3%)
|
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Premium
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20% (20 - 25%)
|
|
Calls
|
NC3; PC @ 130% w table MW
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|
Puts
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t/o @ 100%
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|
Div protection
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Ratio adjustment (for excess above threshold)
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T/o protection
|
Make-whole table
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|
CoCo
|
130% to Aug 2030 (4.8 yrs)
|
|
Announced
|
19 Nov 2025
|
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