Printer Friendly

INDIANA MICHIGAN POWER TO REDEEM BONDS

 FORT WAYNE, Ind., Sept. 30 /PRNewswire/ -- Indiana Michigan Power Company today announced that it will redeem on Oct. 30, 1993, the entire outstanding $50,000,000 of its 7-7/8 percent Series of First Mortgage Bonds due 1997. The bonds will be redeemed at 101.06 percent of the principal amount of the bonds plus accrued interest to the date of redemption, to be paid upon presentment.
 The redemption is in accordance with the terms of the mortgage under which the bonds were issued which permit the company to redeem the bonds prior to maturity.
 The notice of redemption is expected to be mailed on Sept. 30, 1993.
 The Bank of New York is the redemption agent and trustee.
 Indiana Michigan Power is one of seven operating companies of American Electric Power Company, Inc. (NYSE: AEP). Indiana Michigan Power, headquartered in Fort Wayne, Ind., provides services to approximately 520,000 customers.
 -0- 9/30/93
 /CONTACT: Luke Feck of American Electric Power, 614-223-1650/
 (AEP)


CO: Indiana Michigan Power ST: Indiana IN: UTI SU:

BM -- CL008 -- 7221 09/30/93 11:09 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:Sep 30, 1993
Words:182
Previous Article:COLUMBUS SOUTHERN POWER TO REDEEM BONDS
Next Article:OHIO POWER TO REDEEM BONDS
Topics:

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