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CP&L PLANS TO ISSUE FIRST MORTGAGE BONDS

 RALEIGH, N.C, June 25 /PRNewswire/ -- Carolina Power & Light Co. (NYSE: CPL) plans to issue $100 million in five-year First Mortgage Bonds at an annual interest rate of 5.375 percent. The bonds are non-callable.
 The bonds, rated "A+" by Duff & Phelps, "A2" by Moody's Investors Service and "A" by Standard & Poor's Corp., will be issued on July 7, 1993, with interest accruing from July 1, 1993. Merrill Lynch will underwrite the bonds.
 CP&L will use the proceeds for repayment of short-term debt and other general corporate purposes. Based in Raleigh, N.C., CP&L serves approximately 1 million customers in central and eastern North Carolina, an area around Asheville in western North Carolina and the Pee Dee region of South Carolina.
 -0- 6/25/93
 /CONTACT: Wade Pridgen of Carolina Power & Light Co., 919-546-6189/
 (CPL)


CO: Carolina Power & Light Co. ST: North Carolina IN: UTI SU:

CM -- CH006 -- 5797 06/25/93 14:16 EDT
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Publication:PR Newswire
Date:Jun 25, 1993
Words:157
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