Commission File
Number
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Registrant; State of Incorporation;
Address and Telephone Number
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IRS Employer
Identification No.
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1-11459
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PPL Corporation
(Exact name of Registrant as specified in its charter)
(Pennsylvania)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151
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23-2758192
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(d)
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Exhibits
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1.1 -
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Final Terms of WPD East Midlands £100,000,000 5.25% Notes due 2023.
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PPL CORPORATION
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By:
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/s/ Vincent Sorgi
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Vincent Sorgi
Vice President and Controller
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1
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Issuer: |
Western Power Distribution (East Midlands) plc
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2
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(i)
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Series Number:
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1
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(ii)
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Tranche Number:
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2
The Notes will be consolidated and form a single Series with the Existing Notes on or after the first day following the expiry of 40 days after the Issue Date (the Exchange Date).
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3
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Specified Currency or Currencies: |
Sterling
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4
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Aggregate Nominal Amount:
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(i)
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Series
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£700,000,000
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(ii)
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Tranche
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£100,000,000
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5
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(i)
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Issue Price of Tranche:
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110.06414287 per cent. of the Aggregate Nominal Amount of the Notes plus 93 days' accrued interest from and including 17 January 2012 to but excluding 19 April 2012
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(ii)
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Net Proceeds:
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£110,898,159.26 (including 93 days' accrued interest of £1,334,016.39)
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6
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(i)
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Specified Denominations:
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£100,000 and integral multiples of £l,000 in excess thereof up to and including £199,000. No Notes in definitive form will be issued with a denomination above £199,000.
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(ii)
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Calculation Amount: (Applicable to Notes in definitive form)
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£1,000
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7
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(i)
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Issue Date:
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19 April 2012
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(ii)
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Interest Commencement Date:
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17 January 2012
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8
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Maturity Date: |
17 January 2023
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9
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Interest Basis: |
5.250 per cent. Fixed Rate
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10
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Redemption/Payment Basis: |
Redemption at par
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11
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Change of Interest Basis |
Not Applicable
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or Redemption/ Payment Basis: | ||||
12
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Put/Call Options: |
Investor Put
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(further particulars specified below)
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13
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(i)
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Status of the Notes:
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Senior
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(ii)
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Date approval by Committee of the Board of Directors for issuance of Notes obtained:
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4 April 2012
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14 |
Method of distribution:
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Syndicated
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Provisions Relating to Interest (if any) Payable
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15
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Fixed Rate Note Provisions
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Applicable
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(i)
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Rate of Interest:
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5.250 per cent. per annum payable annually in arrear
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(ii)
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Interest Payment Date(s):
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17 January in each year up to and including the Maturity Date, adjusted in accordance with the Following Business Day convention.
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(iii)
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Fixed Coupon Amount:
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£52.50 per Calculation Amount
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(iv)
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Broken Amount(s):
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Not Applicable
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(v)
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Day Count Fraction:
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Actual/Actual (ICMA)
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(vi)
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Determination Dates(s):
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17 January in each year
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(vii)
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Other terms relating to the method of calculating interest for Fixed Rate Notes:
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None | ||
16
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Floating Rate Note Provisions
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Not Applicable
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17
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Zero Coupon Note Provisions
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Not Applicable
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18
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Index Linked Interest Note Provisions
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Not Applicable
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19
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Dual Currency Interest Note Provisions
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Not Applicable
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20
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Ratings Downgrade Rate Adjustment
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Not Applicable
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Provisions Relating to Redemption
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21
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Issuer Call
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Not Applicable
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22
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Investor Put
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Applicable (Condition 6(g) (Redemption at the Option of Noteholders on a Restructuring Event) applies).
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(i)
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Optional Redemption Date(s):
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On the Put Date (as specified in the relevant Put Event Notice).
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(ii)
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Notice period (if other than as set out in the Conditions):
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Not Applicable
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(iii)
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Optional Redemption Amounts of each Note and method, if any, of calculation of such amount(s):
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£1,000 per Calculation Amount
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23
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Final Redemption Amount of each Note:
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£1,000 per Calculation Amount
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24
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Early Redemption Amount of each Note
payable on redemption for taxation reasons
or on event of default and/or the method of
calculating the same (if required):
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£1,000 per Calculation Amount
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General Provisions Applicable to the Notes
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25
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Form of Notes:
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Bearer
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Temporary Global Note exchangeable for a permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the permanent Global Note.
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New Global Note:
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Yes
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26
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Additional Financial Centre(s) or other special provisions relating to Payment Dates:
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Not Applicable
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27
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Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):
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No
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28
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Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to
be made and consequences of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:
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Not Applicable
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29
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Details relating to Instalment Notes:
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(i)
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Instalment Amount(s):
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Not Applicable
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(ii)
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Instalment Date(s):
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Not Applicable
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30
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Redenomination applicable:
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Redenomination not applicable
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31
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Other final terms:
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Not Applicable
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Distribution
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32
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(i)
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If syndicated, names of Managers:
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The Royal Bank of Scotland plc
Lloyds TSB Bank plc
Mizuho International plc
RBC Europe Limited
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(ii)
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Date of Subscription Agreement:
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18 April 2012
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(iii)
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Stabilising Manager (if any):
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The Royal Bank of Scotland plc
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33
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If non-syndicated, name of relevant Dealer:
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Not Applicable
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34
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U.S. Selling Restrictions:
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Reg. S Compliance Category 2; TEFRA D
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35
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Additional selling restrictions:
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Not Applicable
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1
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Listing and Admission to Trading
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(i)
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Listing and admission to trading:
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Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Regulated Market of the London Stock Exchange plc and admitted to the Official List of the Financial Services Authority with effect from 19 April 2012.
The Existing Notes are already admitted to trading on the Regulated Market of the London Stock Exchange plc and admitted to the Official List of the Financial Services Authority.
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(ii)
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Estimate of total expenses related to admission to trading:
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£3,600
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36
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Ratings
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Ratings:
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The Notes to be issued have been rated:
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Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc.: BBB
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Moody’s Investor Services Limited: Baal
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Each of Standard & Poor's Rating Services, a division of the McGraw-Hill Companies, Inc. and Moody's Investor Services Limited is established in the European Union and is registered under Regulation (EU) No 1060/2009 (the CRA Regulation).
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In general, European regulated investors are restricted from using a rating for regulatory purposes if such rating is not issued by a credit rating agency established in the European Union and registered under the CRA Regulation unless the rating is provided by a credit rating agency operating in the European Union before 7 June 2010 which has submitted an application for registration in accordance with the CRA Regulation and such registration is not refused.
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37
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Interests of Natural and Legal Persons Involved in the Issue
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So far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer, save for any fees payable to the Managers.
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38
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Reasons for the Offer, Estimated Net Proceeds and Total Expenses
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(i)
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Reasons for the offer
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General corporate purposes.
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(ii)
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Estimated net proceeds:
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Not Applicable
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(iii)
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Estimated total expenses:
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Not Applicable
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39
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Yield | ||
Indication of yield: |
4.032 per cent. (semi-annual)
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The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
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40
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Performance of Index/Formula, Explanation of Effect on Value of Investment and Associated Risks and Other Information Concerning the Underlying
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Not Applicable
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41
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Performance of Rate[s] of Exchange and Explanation of Effect on Value of Investment
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Not Applicable
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42
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Operational Information
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(i)
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Temporary ISIN Code applicable prior to the Exchange Date:
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XS0773654511
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ISIN Code following the Exchange Date:
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XS0627333221
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(ii)
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Temporary Common Code applicable prior to the Exchange Date:
Common Code following the Exchange Date:
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077365451
062733322
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(iii)
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Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking, société anonyme and the relevant identification number(s):
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Not Applicable
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(iv)
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Delivery
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Delivery against payment
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(v)
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Names and addresses of additional Paying Agent(s)
(if any):
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Not Applicable | |
(vi)
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Intended to be held in a manner which would allow Eurosystem eligibility:
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No |