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APPALACHIAN POWER TO REDEEM BONDS

 ROANOKE, Va., April 27 /PRNewswire/ -- Appalachian Power Company today announced that it will redeem two outstanding series of first mortgage bonds on May 27, 1993.
 9-1/4 Percent Series Due 2007
 The company will redeem on May 27, 1993 the entire then-to-be outstanding principal amount of its 9-1/4 percent Series due 2007 not previously called for redemption at 103.85 percent of the principal amount of the bonds, to be paid upon presentment.
 Interest from May 1 to the date of redemption will be paid on presentment of the bonds.
 8-1/2 Percent Series Due 2004
 The company will redeem on May 27, 1993, the entire outstanding principal amount of the 8-1/2 percent Series due 2004, at 101.96 percent of the principal amount of the bonds together with accrued interest to the date of redemption, to be paid upon presentment.
 Interest from March 1 to the date of redemption will be paid on presentment of the bonds.
 Transfer books for these series will be closed today. Notices of redemption are expected to be mailed today to holders of record of each Series.
 This redemption is in accordance with the terms of the mortgage under which the bonds were issued. The mortgage permits the company to redeem the bonds prior to maturity.
 Bankers Trust Company, is the redemption agent and trustee for both series.
 Appalachian Power is one of seven operating companies of American Electric Power Co., Inc. (NYSE: AEP).
 -0- 4/27/93
 /CONTACT: Luke Feck of American Electric Power Co., 614-223-1650/
 (AEP)


CO: Appalachian Power Company ST: Virginia IN: UTI SU:

BM -- CL024 -- 1546 04/27/93 15:55 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:274
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