Issuer:
|
Kansas City Power & Light Company | |
Principal Amount:
|
$350,000,000 | |
Title of Securities:
|
6.375% Notes due 2018 | |
Maturity:
|
March 1, 2018 | |
Coupon (Interest Rate):
|
6.375% | |
Yield to Maturity:
|
6.375% | |
Benchmark Treasury:
|
31/2% due February 15, 2018 | |
Spread to Benchmark
Treasury:
|
275.6 basis points | |
Benchmark Treasury Yield:
|
3.619% | |
Interest Payment Dates:
|
Semi-annually on March 1 and September 1, commencing on September 1, 2008 | |
Record Dates:
|
February 15 and August 15 | |
Redemption Provision:
|
Callable at any time at a make-whole price of the greater of (i) 100% of the principal amount or (ii) discounted present value at Treasury Rate plus 45 basis points | |
Price to Public:
|
100.00% of the principal amount, plus accrued interest, if any, from March 11, 2008 | |
Settlement Date:
|
March 11, 2008 | |
CUSIP Number:
|
485134 BK5 | |
Ratings:
|
Moodys Investor Services: A3 (Negative Outlook) | |
Standard & Poors Ratings Group: BBB (CreditWatch with Negative Implications) | ||
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
J.P. Morgan Securities Inc. | ||
Senior Co-Managers:
|
BNP Paribas Securities Corp. | |
Wachovia Capital Markets, LLC | ||
Co-Managers:
|
KeyBanc Capital Markets Inc. | |
Samuel A. Ramirez & Company, Inc. | ||
Scotia Capital (USA) Inc. |