DETROIT EDISON TO REDEEM BOND ISSUE
DETROIT EDISON TO REDEEM BOND ISSUE DETROIT, Nov. 15 /PRNewswire/ -- The Detroit Edison Company
(NYSE: DTE) announced today it will redeem its entire $15 million Series EE, 11 7/8 percent General and Refunding Mortgage Bonds, due Dec. 15, 2000.
Principal amount of $5 million will be redeemed through the operation of a sinking fund at a price of 100 percent, plus accrued interest to the redemption date of Dec. 15, 1991. The remaining bonds will be redeemed Dec. 16, 1991, at a price of 103.96 percent, plus accrued interest. -0- 11/15/91 /CONTACT: Scott L. Simons, 313-237-8808, or Lorie N. Kessler, 313-237-8807, both of Detroit Edison/ (DTE) CO: Detroit Edison Company ST: Michigan IN: UTI SU: SB -- DE022 -- 1524 11/15/91 12:02 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 15, 1991|
|Previous Article:||COLEMAN JOINS POTOMAC SURETY BONDING COMPANY|
|Next Article:||ODETICS REPORTS SECOND QUARTER 1992 RESULTS|