DUKE POWER CO. TO REDEEM BONDS
DUKE POWER CO. TO REDEEM BONDS CHARLOTTE, N.C., Sept. 11 /PRNewswire/ -- Duke Power Co.
(NYSE: DUK) said today that on Oct. 13 the company will redeem its 8 3/8 percent Series of first and refunding mortgage bonds, due October 2006, with a face value of $96.85 million.
Bondholders will receive $1,035.40 per $1,000 cerfiticate, plus accrued interest to the redemption date. Duke will also redeem its 8 1/8 percent Series B first and refunding mortgage bonds, due November 2003, with a face value of $98.05 million. Bondholders will receive $1,029.80 per $1,000 certificate, plus accrued interest to the redemption date. The call notices for these issues were mailed to bondholders Sept. 11 by Morgan Guaranty Trust Co., the redemption agent. Duke will use the proceeds from $200 million of 13-year first and refunding mortgage bonds priced Sept. 10 to refund the bonds called. -0- 9/11/92 /CONTACT: Guynn Savage, Duke Power Co., (office) 704-382-8350, or (home) 803-548-3309 or 704-594-0681/ (DUK) CO: Duke Power Co. ST: North Carolina IN: UTI SU:
DF -- CH004 -- 8492 09/11/92 13:05 EDT
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|Date:||Sep 11, 1992|
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