Bond PPL Inc. 6.5% ( US69352JAL17 ) in USD
| Issuer | PPL Inc. | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US69352JAL17 ( in USD )
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| Interest rate | 6.5% per year ( payment 2 times a year) | ||
| Maturity | 01/05/2018 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 400 000 000 USD | ||
| Cusip | 69352JAL1 | ||
| Standard & Poor's ( S&P ) rating | NR | ||
| Moody's rating | NR | ||
| Detailed description |
PPL Corporation is a global energy company focused on the delivery of electricity and natural gas to customers in the United States and the United Kingdom. This financial overview details a specific bond issuance by PPL Corporation, identified by its ISIN US69352JAL17 and CUSIP 69352JAL1. PPL Corporation, the issuer, is a prominent American energy company based in the United States, primarily engaged in the generation, transmission, and distribution of electricity. As a regulated utility, PPL typically exhibits stable operational profiles and predictable cash flows, characteristics that often appeal to fixed-income investors seeking consistent returns. This particular bond, denominated in US Dollars (USD), featured a coupon interest rate of 6.5%. The total size of this bond issuance amounted to $400,000,000, with a minimum investment increment of $1,000. Interest payments were structured with a frequency of twice per year, providing semi-annual distributions to bondholders. Critically, this bond reached its full maturity on May 1, 2018, and has since been fully redeemed by PPL Corporation. At the time of its maturity and subsequent redemption, the bond's market price stood at 100% of its par value. It is notable that neither Standard & Poor's (S&P) nor Moody's, two prominent credit rating agencies, assigned a public credit rating to this specific bond issue, both reflecting a 'NR' (Not Rated) status. |
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