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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., June 24 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on July 24 the company will redeem its 7 percent Series of first and refunding mortgage bonds, due February 1999, with a face value of $56,075,000.
 Bondholders will receive $1,013.80 per $1,000 certificate, plus accrued interest to the redemption date.
 The call notice for this issue was mailed to bondholders on June 24 by Morgan Guaranty Trust Co., the redemption agent.
 Duke Power will use the proceeds from $60 million of 6-year medium term notes, priced June 22, to refund the bonds called.
 -0- 6/24/93
 /CONTACT: Media Relations, Duke Power Co., 704-382-8374 or 704-594-0681/
 (DUK)


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

CM -- CH001 -- 5189 06/24/93 09:27 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:137
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