Issuer: |
Kansas City Power & Light Company | |
Principal Amount: |
$400,000,000 | |
Title of Securities: |
7.15% Mortgage Bonds, Series 2009A due 2019 | |
Maturity: |
April 1, 2019 | |
Coupon (Interest Rate): |
7.15% | |
Yield to Maturity: |
7.165% | |
Benchmark Treasury: |
2.750% due February 15, 2019 | |
Spread to Benchmark Treasury: |
+460 basis points | |
Benchmark Treasury Yield: |
2.565% | |
Interest Payment Dates: |
Semi-annually on April 1 and October 1, commencing on October 1, 2009 | |
Record Dates: |
March 15 and September 15 | |
Price to Public: |
99.892% of the principal amount, plus accrued interest, if any, from March | |
24, 2009 | ||
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 50 basis points | ||
Settlement Date: |
March 24, 2009 | |
CUSIP Number: |
485134 BL3 | |
Ratings: |
Moodys Investor Services: A3 (Negative Outlook) | |
Standard & Poors Ratings Group: BBB+ (Negative Outlook) | ||
Joint Book-Running Managers: |
Banc of America Securities LLC | |
BNP Paribas Securities Corp. | ||
J.P. Morgan Securities Inc. | ||
Senior Co-Manager: |
Mitsubishi UFJ Securities (USA), Inc. | |
Co-Managers: |
BNY Mellon Capital Markets, LLC | |
Wachovia Capital Markets, LLC |