E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders > News item
Published on 11/26/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Monongahela Power to redeem $120 million of 6.7% first mortgage bonds

By Tali David

Minneapolis, Nov. 26 - Monongahela Power Co. plans to redeem $120 million of its 6.7% series first mortgage bond due June 15, 2014, according to an 8-K filed with the Securities and Exchange Commission.

The bonds will be redeemed at a make-whole redemption price on Dec. 20.

The redemption will be funded with the proceeds from a new first mortgage bond issuance.

The electric subsidiary of Allegheny Energy Inc. is based in Greensburg, Pa.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.