-Duke Energy redeems QUIPS.
International Resource News-January 3, 2013--Duke Energy redeems QUIPS(C)1994-2013 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 03 January 2013
Duke Energy (NYSE: DUK), a Fortune 250 company, announced yesterday that it would redeem a series of preferred securities, known as QUIPS, effective February 1, 2013.
QUIPS will be provided by a financing trust owned by the company's subsidiary, Progress Energy Inc.
The redemption includes the entire issue of FPC Capital I 7.10 percent Cumulative Quarterly Income Preferred Securities (NYSE: FPCPRA), with a face value of USD300m.
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