Kentucky Utilities preps $250 million sale of first mortgage bonds

By Aleesia Forni

Virginia Beach, Nov. 6 - Kentucky Utilities Co. is eyeing a $250 million offering of first mortgage bonds, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. and Mitsubishi UFJ Securities are the joint bookrunners.

Proceeds will be used to repay short-term debt, including commercial paper borrowings, for capital expenditures and for other general corporate purposes.

The electric utility is based in Lexington, Ky.

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