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PPL’s LG&E and KU Announce $700M Bond Offering

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PPL’s LG&E and KU Announce $700M Bond Offering

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The latest update is out from PPL ( (PPL) ).

On August 4, 2025, LG&E and KU entered into separate underwriting agreements for the offering and sale of $700 million aggregate principal amount of 5.850% First Mortgage Bonds due 2055. Both companies plan to issue these bonds around August 13, 2025, with the proceeds intended to repay existing bonds, short-term debt, and for other corporate purposes. This strategic financial move is expected to impact their debt structure and support their operational funding.

The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.

Spark’s Take on PPL Stock

According to Spark, TipRanks’ AI Analyst, PPL is a Outperform.

PPL’s strong financial performance and strategic growth initiatives are key strengths, supported by positive earnings call sentiment. However, high valuation and cash flow challenges slightly temper the overall score.

To see Spark’s full report on PPL stock, click here.

More about PPL

Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) are involved in the energy sector, focusing on the provision of electricity and gas services. They are engaged in the issuance of mortgage bonds as part of their financial operations.

Average Trading Volume: 5,451,034

Technical Sentiment Signal: Buy

Current Market Cap: $26.37B

For an in-depth examination of PPL stock, go to TipRanks’ Overview page.

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