CP&L plans to redeem bonds.RALEIGH, N.C.--(BUSINESS WIRE)--Jan. 16, 1996--On Feb. 27, 1996, Carolina Power & Light plans to redeem in full $125 million of its First Mortgage Bonds, 8.875 percent series due Feb. 15, 2021. The company intends to pay the bondholders the principal amount of the bonds at the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of 105.69 percent of par ($1,056.90 per $1,000 certificate), plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. from Feb. 15, 1996, to Feb. 27, 1996. Redemption notices will be mailed to bondholders Jan. 25, 1996, by The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the corporate trustee and redemption agent. The notice is subject to the deposit of sufficient cash with the corporate trustee to make the redemption Feb. 27, 1996. CONTACT: Carolina Power & Light, Raleigh Mike Hughes Mike Hughes (b. November 17, 1974) is an Canadian professional wrestler who has competed on the North American independent promotions throughout the late 1990s and early 2000s as a co-founder and mainstay of Real Action Wrestling [1] , 919/546-6189 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion