Printer Friendly

DETROIT EDISON TO REDEEM 1987 SERIES E MORTGAGE BONDS

 DETROIT EDISON TO REDEEM 1987 SERIES E MORTGAGE BONDS
 DETROIT, Sept. 23 /PRNewswire/ -- The Detroit Edison Company


(NYSE: DTE) today announced it will redeem all of its outstanding General and Refunding Mortgage Bonds, 1987 Series E, 10 1/8 percent, which would have matured Aug. 15, 1996, pursuant to the optional redemption provisions of this security. The principal amount of the bonds to be redeemed totals $150 million.
 The bonds will be redeemed at 102.893 percent of the principal amount plus accrued interest from Aug. 15, 1992, to Oct. 23, 1992, the date of redemption.
 Notice of redemption and further details will be provided to all 1987 Series E bondholders by Bankers Trust Company, as trustee and paying agent.
 -0- 9/23/92
 /CONTACT: Lorie N. Kessler, 313-237-8807, or Mary Kay Bean, 313-237-8809, both of Detroit Edison/
 (DTE) CO: The Detroit Edison Company ST: Michigan IN: UTI SU:


SB -- DE036 -- 2773 09/23/92 16:00 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 23, 1992
Words:158
Previous Article:UNITED ILLUMINATING 'BBB-' SENIOR DEBT, 'BB+' PREFERRED ON FITCHALERT POSITIVE -- FITCH FINANCIAL WIRE --
Next Article:CIGNA CORPORATION BOARD OF DIRECTORS ELECTS ROBERT H. CAMPBELL
Topics:


Related Articles
DETROIT EDISON TO REDEEM BOND ISSUE
DETROIT EDISON TO REDEEM POLLUTION CONTROL REVENUE BONDS
DETROIT EDISON TO REDEEM MORTGAGE BONDS
DETROIT EDISON TO REDEEM BONDS
DETROIT EDISON TO REDEEM V BONDS
DETROIT EDISON TO REDEEM 1986 SERIES C BONDS
DETROIT EDISON TO REDEEM SERIES 1986 A BONDS
DETROIT EDISON TO REDEEM 1987 SERIES B BONDS
DETROIT EDISON TO REDEEM SERIES X BONDS
DETROIT EDISON TO REDEEM SERIES A BONDS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters