Printer Friendly

DUQUESNE LIGHT COMPANY TO REDEEM FIRST MORTGAGE BONDS

 PITTSBURGH, July 1 /PRNewswire/ -- Duquesne Light Company announced today that it is redeeming six series of first mortgage bonds on Aug. 2, 1993, pursuant to the provisions of the trust indenture dated as of Aug. 1, 1947, as supplemented, between Duquesne Light Company and Mellon Bank, N.A., as trustee.
 The company will redeem all outstanding bonds of the following series:
 -- 7 1/2 percent series due December 1, 2001; 39th supplemental indenture dated as of Dec. 1, 1971; CUSIP Number 266228 AU9 -- to be redeemed at 101.94 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $26.461 million.
 -- 7 1/2 percent series due June 1, 2002; 40th supplemental indenture dated as of June 1, 1972; CUSIP Number 266228 AV7 -- to be redeemed at 102.07 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $28.47 million.
 -- 7 1/4 percent series due Jan. 1, 2003; 42nd supplemental indenture dated as of Jan. 1, 1973; CUSIP Number 266228 AW5 -- to be redeemed at 101.99 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $32.67 million.
 -- 6 3/8 percent series due Feb. 1, 1998; 29th supplemental indenture dated as of Feb. 1, 1968; CUSIP Number 266228 AM7 -- to be redeemed at 101.02 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $34.7 million.
 -- 5 1/4 percent series due Feb. 1, 1997; 27th supplemental indenture dated as of Feb. 1, 1967; CUSIP Number 266228 AL9 -- to be redeemed at 100.66 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $24.6 million.
 -- 5 1/8 percent series due Feb. 1, 1996; 25th supplemental indenture dated as of Feb. 1, 1966; CUSIP Number 266228 AK1 -- to be redeemed at 100.44 percent of principal amount plus accrued interest. The total amount of bonds outstanding for this series is $22.8 million.
 A copy of the notice of redemption may be obtained by calling the Duquesne Light Bondholder Relations Department at 412-393-6167 or 800-247-0400.
 -0- 7/1/93
 /CONTACT: Dennis E. O'Neil, general manager, public affairs, of Duquesne Light, 412-393-4060/
 (DQE)


CO: Duquesne Light Company ST: Pennsylvania IN: OIL UTI SU:

KC -- PG005 -- 7587 07/01/93 09:43 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:Jul 1, 1993
Words:407
Previous Article:ZAPATA DECLARES DIVIDEND DISTRIBUTION OF PREFERRED STOCK PURCHASE RIGHTS
Next Article:MORTGAGE AND REALTY TRUST ISSUES ANNOUNCEMENT
Topics:


Related Articles
DUQUESNE LIGHT TO REDEEM ITS FIRST MORTGAGE BONDS
DUQUESNE LIGHT COMPANY TO REDEEM BONDS
DUQUESNE LIGHT COMPANY TO REDEEM FIRST MORTGAGE BONDS
DUFF & PHELPS UPGRADES DUQUESNE LIGHT COMPANY SENIOR DEBT TO 'A-'
DUQUESNE LIGHT TO REDEEM BONDS
DUQUESNE LIGHT COMPANY TO REDEEM BONDS
DUQUESNE LIGHT TO REDEEM 7-7/8 PERCENT SERIES OF FIRST MORTGAGE BONDS
DUQUESNE LIGHT COMPANY TO REDEEM 7 PERCENT SERIES FIRST MORTGAGE BONDS
DUFF & PHELPS: DUQUESNE LIGHT COMPANY $300 MILLION FIRST COLLATERAL TRUST BONDS RATED 'A-'
Fitch Affirms Allegheny Power Units & Duquesne Light Ratings - Fitch Financial Wire -

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters