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MONROE COUNTY TO ISSUE REFUNDING BONDS AT 6.95 PERCENT FOR DETROIT EDISON

 MONROE COUNTY TO ISSUE REFUNDING BONDS AT 6.95 PERCENT
 FOR DETROIT EDISON
 DETROIT, Dec. 6 /PRNewswire/ -- Detroit Edison (NYSE: DTE) today announced that the Monroe County (Mich.) Economic Development Corporation will issue $65 million in Series 1992-AA Revenue Bonds at 6.95 percent on March 24, 1992. The issue matures Sept. 1, 2022. The First National Bank of Chicago is serving as placement agent.
 On June 1, 1992, the utility will use the bond proceeds to refund the entire $65 million issue of its Series A-1982 Pollution Control Revenue bonds at 103 percent of the principal plus accrued interest from Dec. 1, 1991.
 The Series A-1982 bonds were used to fund pollution control projects at the utility's power plants.
 -0- 12/6/91
 /CONTACT: Mary Kay Bean, 313-237-8809, or Scott L. Simons, 313-237-8808, both of Detroit Edison/
 (DTE) CO: Detroit Edison; Monroe County Economic Development Corporation ST: Michigan IN: UTI SU:


KK -- DE015 -- 0225 12/06/91 16:15 EST
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Publication:PR Newswire
Date:Dec 6, 1991
Words:161
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