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ARKANSAS POWER & LIGHT OFFERS TO PURCHASE OUTSTANDING BONDS

 NEW ORLEANS, Oct. 5 /PRNewswire/ -- Entergy Corporation's Arkansas Power & Light Company subsidiary announced today that it is offering to purchase, through Goldman, Sachs & Co., any and all of its outstanding First Mortgage Bonds, 10-3/8 percent Series due 2020, with a face value of $153,550,000, upon the terms and subject to the conditions set forth in its offer to purchase.
 Goldman Sachs will serve as the exclusive dealer manager of the offering.
 The purchase price for a bond will be determined by using a yield to maturity of the U.S. Treasury 3.875 percent Notes due Sept. 30, 1995, at the time the holder accepts the offer, plus a fixed spread of 0.15 percent (15 basis points). In addition, Arkansas Power & Light Company will pay accrued interest on such bonds to, but not including, the date of settlement.
 Bondholders may obtain a quote of the purchase price for the bonds at a particular time by contacting their Goldman Sachs sale representative or by calling 800-828-3182.
 The offer to purchase expires at 5 p.m. EDT, Oct. 13, unless extended by Arkansas Power & Light Company or earlier terminated. The date of settlement will be five business days after the date of each acceptance.
 Georgeson & Company Inc. will act as information agent for Arkansas Power & Light Company in connection with the offer to purchase.
 -0- 10/5/93
 /CONTACT: Media: Patrick Sweeney, 504-569-4160, or Investors: Stuart Ball, 504-569-4817, both of Entergy/
 (ETR)


CO: Arkansas Power & Light Company; Entergy Corporation ST: Louisiana IN: UTI SU:

RA-BR -- AT009 -- 8931 10/05/93 14:16 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:265
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