| Issuer / Guarantor | PPL Corporation |
|---|---|
| Size | USD 1150mn |
| Type | Mandatory Convertible PEPS |
| Leads | JP Morgan, BoA, Morgan Stanley, RBC, CIBC, PNC Capital, Truist, BMO Capital, US Bancorp |
| Maturity | 15 Feb 2029 (3 years) |
| Coupon | 7% (6.75 - 7.25%) |
| Premium | 25% (20 - 25%) |
| Calls | None |
| Puts | None |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 23 Feb 2026 |