North Carolina Power Agency Issuing $294 Million of Debt

DeSue, Tedra
May 2003
Bond Buyer;5/6/2003, Vol. 344 Issue 31629, p3
Trade Publication
The North Carolina Eastern Power Agency is expected to sell at least 294 million dollars of low-investment-grade uninsured premium bonds on May 7, 2003 as it continues to take advantage of low interest rates to refinance debt. The deal, which includes about 20 million dollars of taxable bonds, follows a similarly sized sale for the agency in January 2003. In addition to the taxable Series 2003E bonds, the deal includes 275 million dollars tax-exempt Series 2003D bonds. The 2003E bonds have maturities in 2011 and 2014. The 2003D bonds have maturities in 2004, 2010 through 2014, and 2023.


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