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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., June 16 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on July 16 the company will redeem its 7 1/2 percent Series of first and refunding mortgage bonds, due March 2001, with a face value of $97.9 million.
 Bondholders will receive $1,020.60 per $1,000 certificate, plus accrued interest to the redemption date.
 Duke will also redeem its 7 3/8 percent Series B first and refunding mortgage bonds, due Dec. 2001, with a face value of $38.05 million.
 Bondholders will receive $1,018.50 per $1,000 certificate, plus accrued interest to the redemption date.
 The call notices for these issues were mailed to bondholders June 16 by Morgan Guaranty Trust Co., the redemption agent.
 Duke will use the proceeds from $150 million of 8-year, 5 7/8 percent first and refunding mortgage bonds priced June 15 to refund the bonds called.
 -0- 6/16/93
 /CONTACT: Guynn Savage of Duke Power, 704-382-8350 or (home) 803-548-3309 or 704-594-0681/
 (DUK)


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

CM -- CH002 -- 2523 06/16/93 10:06 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:190
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