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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
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 15, 1991
Words:128
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