Printer Friendly

SOUTH CAROLINA ELECTRIC & GAS COMPANY ANNOUNCES FIRST MORTGAGE BOND REDEMPTIONS

 COLUMBIA, S.C., April 30 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), announced today that it has set an effective date of June 1, 1993 for the redemption prior to maturity, at a price of 100 percent, of 1) the entire $35,000,000 principal amount outstanding of that company's 10 1/8 percent Series First and Refunding Mortgage Bonds due April 1, 2009 and 2) $12,965,000 principal amount of the $50,000,000 principal amount outstanding of that company's 9 7/8 percent Series First and Refunding Mortgage Bonds due June 1, 2009. SCE&G's Board of Directors authorized the early redemptions at a meeting held on April 29, 1993.
 The redemption price and accrued interest to June 1, 1993 will be paid to holders upon surrender of the bonds to SCE&G's bond Trustee, Chemical Bank, New York, NY. A notice of redemption will be mailed to affected bondholders on April 30, 1993.
 SCE&G's Indenture of Mortgage dated as of January 1, 1945 permits early redemption of bonds at par value through the use of cash on deposit with the Trustee derived from satisfaction of its annual sinking fund obligation and from the maintenance and replacement fund covenant.
 -0- 4/30/93
 /CONTACT: H. John Winn, Manager Investor Relations & Shareholder Services, SCANA Corporation, 803-748-3240/
 (SCG)


CO: South Carolina Electric & Gas Company; SCANA Corporation ST: South Carolina IN: UTI SU:

CM -- CH005 -- 3141 04/30/93 11:04 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:Apr 30, 1993
Words:251
Previous Article:KAISER PERMANENTE: NEW INFANT VACCINE DRAMATICALLY REDUCES THREAT OF BACTERIAL MENINGITIS AND OTHER POTENTIALLY LETHAL DISEASES
Next Article:GEONEX ANNOUNCES JOINT VENTURE
Topics:


Related Articles
CP&L TO REDEEM BONDS
NEW ENGLAND POWER COMPANY AWARDS GENERAL AND REFUNDING MORTGAGE BONDS
PE SELLS $450 MILLION OF MORTGAGE BONDS THROUGH COMPETITIVE BIDDING
CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS FIRST MORTGAGE BONDS
OHIO POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
COLUMBUS SOUTHERN POWER TO REDEEM BONDS
DUFF & PHELPS: SOUTH CAROLINA ELECTRIC & GAS COMPANY $100 MILLION FIRST MORTGAGE BONDS RATED 'A+'
FITCH WITHDRAWS RATINGS ON EIGHT UTILITIES
DUFF & PHELPS CREDIT RATING CO. ASSIGNS NEW RATING TO SCANA CORPORATION'S MEDIUM-TERM NOTE PROGRAM

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