CP&L to Issue First Mortgage Bonds.RALEIGH, N.C.--(BUSINESS WIRE)--Aug. 21, 1997--Carolina Power & Light (NYSE NYSE See: New York Stock Exchange : CPL) will issue $200 million of 10-year First Mortgage Bonds at an annual interest rate of 6.80 percent. The Bonds have a Make-Whole call option at any time prior to maturity. The bonds are rated "A-2" by Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , "A+" by Duff & Phelps and "A" by Standard & Poor's Corp. The bonds will be issued Aug. 26, with interest accruing from Aug. 15. CP&L will use the proceeds for repayment of short-term debt and other general corporate purposes. Based in Raleigh, N.C., CP&L provides electricity and energy services to about 1.1 million customers in much of central and eastern North Carolina Eastern North Carolina or (often abbreviated as ENC) is the region of North Carolina which includes the eastern third of North Carolina. It includes the Outer and Inner banks, thus it is often known geographically as the state's coastal region. , parts of western North Carolina Western North Carolina (often abbreviated as WNC) is the region of North Carolina which includes the Appalachian Mountains, thus it is often known geographically as the state's Mountain Region. and north central South Carolina. CONTACT: Carolina Power & Light Sally Ramey, 919-546-6189 |
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