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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., March 9 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on April 8, the company will redeem its 8 1/8 percent Series of first and refunding mortgage bonds, due September 2007, with a face value of $119.5 million.
 Bondholders will receive $1,035.30 per $1,000 certificate, plus accrued interest to that date. The call notice for the issue was mailed to bondholders March 9 by Morgan Guaranty Trust Co., the redemption agent.
 Duke will use the proceeds from $125 million of 15-year bonds, which were issued March 9, to refund the bonds called.
 -0- 3/9/93
 /CONTACT: Randy Wheeless of Duke Power Co., 704-382-8379 or (Home) 704-535-8743 or 704-594-0681/
 (DUK)


CO: Duke Power Co. ST: North Carolina IN: UTI SU:

MM -- CH007 -- 4452 03/09/93 10:29 EST
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Publication:PR Newswire
Date:Mar 9, 1993
Words:138
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