Printer Friendly

DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., Aug. 27 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on Sept. 27 the company will redeem its 6 3/8 percent Series of first and refunding mortgage bonds due February 1998, with a face value of $68,500,000.
 Bondholders will receive $1,010.20 per $1,000 certificate, plus accrued interest to the redemption date.
 The call notice for this issue was mailed to bondholders on Aug. 27 by Morgan Guaranty Trust Co., the redemption agent.
 Duke Power will use the proceeds from $50 million of 5-year medium-term notes, priced Aug. 26, to refund the bonds called.
 -0- 8/27/93
 /CONTACT: Randy Wheeless of Duke Power, 704-382-8379 or (home) 704-535-8743 or 704-594-0681/
 (DUK)


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

CM -- CH001 -- 6517 08/27/93 09:29 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 27, 1993
Words:139
Previous Article:JOHN H. HARLAND NAMED ONE OF 'AMERICA'S FINEST COMPANIES'
Next Article:PROMUS CLOSES ON SALES OF EMBASSY SUITES HOTEL IN EL PASO, TEXAS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters