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-Duke Energy redeems QUIPS.

International Resource News-January 3, 2013--Duke Energy redeems QUIPS(C)1994-2013 ENPublishing -

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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Publication:International Resource News (IRN)
Date:Jan 3, 2013
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