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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., April 28 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on June 1 the company will redeem its 7 3/4 percent Series of first and refunding mortgage bonds, due June 2003, with a face value of $94.872 million.
 Bondholders will receive $1,025.90 per $1,000 certificate. The interest payment due June 1, 1993, will be made in the usual manner. The call notice for the issue was mailed to bondholders April 28 by Morgan Guaranty Trust Co., the redemption agent.
 Duke will use the proceeds from $100 million of 11-year bonds, priced April 27, to refund the bonds called.
 -0- 4/28/93
 /CONTACT: Randy Wheeless of Duke Power, 704-382-8379 or (home) 704-535-8743 or 704-594-0681/
 (DUK)


CO: Duke Power Company ST: North Carolina IN: UTI SU:

CM -- CH009 -- 1904 04/28/93 10:45 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:143
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