Printer Friendly

COLUMBUS SOUTHERN POWER TO REDEEM BONDS

 COLUMBUS, Ohio, June 24 /PRNewswire/ -- Columbus Southern Power Company (CSP), formerly Columbus and Southern Ohio Electric Company, today announced that on Aug. 1, 1993, it will redeem the entire outstanding principal amount of its 9-1/2 percent First Mortgage Bonds due 2015.
 The company will redeem $800,000 principal amount of the 9-1/2 percent Series at the special redemption price of 100.00 percent of the principal amount of each bond to be paid upon presentation of the bonds. This redemption is in accordance with the terms of the mortgage under which the bonds were issued which permit the company to redeem the bonds with certain funds deposited with the trustee under the mortgage.
 The remaining then-to-be outstanding $79,200,000 principal amount of the 9-1/2 percent Series not previously called for redemption will be redeemed at 106.18 percent of the principal amount of each bond, to be paid upon presentation of the bonds. This redemption is being made under terms of the bonds which permit CSP to redeem them prior to maturity.
 Interest payable August 1 to record holders of the 9-1/2 percent Series will be paid in the usual manner.
 Notice of redemption is expected to be mailed to bondholders of record on or before July 1. Citibank, N.A., New York, is the redemption agent and trustee.
 CSP is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP).
 -0- 6/24/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, American Electric Power Company, Inc., 614-223-1650/
 (AEP)


CO: American Electric Power Company, Inc. ST: Ohio IN: UTI SU:

AR -- CL004 -- 5233 06/24/93 10:29 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 24, 1993
Words:279
Previous Article:'CAL RIPKEN JR. BASEBALL' GAME HITS A HOME RUN; SEGA AND NINTENDO VERSIONS WIN RAVE REVIEWS
Next Article:DISNEY CLASSIC 'SNOW WHITE' UNDERGOES COMPLETE DIGITAL RESTORATION AT KODAK FACILITY
Topics:


Related Articles
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
BOND REDEMPTION SET FOR COLUMBUS SOUTHERN POWER
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters