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CP&L ISSUES $150 MILL ?IN FIRST MORTGAGE BONDS

 RALEIGH, N.C., Feb. 8 /PRNewswire/ -- Carolina Power & Light (NYSE: CPL) announced today that it is issuing $150 million in seven-year, non-callable, first-mortgage bonds at 6.125 percent interest.
 The issue, rated "A2" by Moody's Investor Service, "A+" by Duff & Phelps and "A" by Standard & Poor's Corp., settles on Feb. 17, with interest accruing from Feb. 1. Lehman Brothers will underwrite the issue.
 CP&L, based in Raleigh, will use the proceeds for repayment of short-term debt and other general corporte purposes.
 -0- 2/8/93
 /CONTACT: Mike Hughes, CP&L 24-Hour Media Contact Line, 919-546-6189/
 (CPL)


CO: Carolina Power & Light ST: North Carolina, South Carolina IN: UTI SU:

DF -- CH013 -- 4217 02/08/93 15:24 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:118
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