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CP&L PLANS TO REDEEM BONDS

 RALEIGH, N.C., July 12 /PRNewswire/ -- On Aug. 18, 1993, Carolina Power & Light Co. (NYSE: CPL) plans to redeem in full $100 million of its First Mortgage Bonds, 8.5 percent series due Jan. 1, 2017.
 The company intends to pay the bondholders the principal amount of the bonds at the redemption price of 104.64 percent of par ($1,046.40 per $1,000 certificate), plus accrued interest from July 1, 1993, to Aug. 18, 1993. Redemption notices will be mailed to bondholders on July 16, 1993, by The Bank of New York, the Corporate Trustee and Redemption Agent. The notice is subject to the deposit of sufficient cash with the Corporate Trustee to make the redemption on Aug. 18, 1993.
 -0- 7/12/93
 /CONTACT: Kyle Hampton or Wade Pridgen, Carolina Power & Light, Corporate Communications, 919-546-6189 (24-Hour Media Line)/
 (CPL)


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

SB -- CH008 -- 0609 07/12/93 17:15 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
Words:161
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