Printer Friendly

CP&L ISSUES $150 MILLION OF FIRST MORTGAGE BONDS

 RALEIGH, N.C., Feb. 24 /PRNewswire/ -- Carolina Power & Light (NYSE: CPL) announced today it is issuing $150 million of 30-year, first-mortgage bonds with a coupon of 7.5 percent. The bonds are not callable for 10 years.
 The closing date for the issue is March 3, 1993, with interest accruing from March 1. Prudential Securities will underwrite the issue.
 CP&L, based in Raleigh, N.C., will use the proceeds for repayment of short-term debt and other general corporate purposes.
 -0- 2/24/93
 /CONTACT: R.E. "Dick" Stanard, Carolina Power & Light, 919-546-6189/
 (CPL)


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

MM -- CH010 -- 0124 02/24/93 17:37 EST
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:Feb 24, 1993
Words:113
Previous Article:ARCO CHEMICAL BOARD APPROVES NEW PROPYLENE GLYCOL ETHER PLANT AT ROTTERDAM
Next Article:CP&L PLANS TO REDEEM BONDS
Topics:


Related Articles
CP&L TO REDEEM BONDS
TEXAS UTILITIES $500 MILLION IN 3 ISSUES RATED 'BBB' BY FITCH --FITCH FINANCIAL WIRE--
PE SELLS $450 MILLION OF MORTGAGE BONDS THROUGH COMPETITIVE BIDDING
PHILADELPHIA ELECTRIC ANNOUNCES REDEMPTION OF FIRST AND REFUNDING MORTGAGE BONDS
CP&L ISSUES $150 MILL ?IN FIRST MORTGAGE BONDS
PE SELLS $350 MILLION OF MORTGAGE BONDS THROUGH COMPETITIVE BIDDING
DUKE POWER CO. TO REDEEM BONDS
CP&L PLANS TO ISSUE FIRST MORTGAGE BONDS
DUFF & PHELPS CREDIT RATING CO. REAFFIRMS CAROLINA POWER & LIGHT COMPANY FIRST MORTGAGE BONDS; $125MM QUICS RATED A-
DCR Rates Carolina Power & Light's $400 Million Senior Notes Issuance 'A+'.

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