Wake County, N.C.’s Carolina Power & Light bonds have mandatory tender

By Marisa Wong

Madison, Wis., Nov. 26 – Wake County Industrial Facilities and Pollution Control Financing Authority, N.C., gave notice that its Carolina Power & Light Co. Project pollution control revenue refunding bonds, series 1994A and 2000 series G, are subject to mandatory tender for purchase.

The 2000G bonds will be purchased on Dec. 18, and the 1994A bonds will be purchased on Dec. 30.

The purchase price for both series is par.

The mandatory tender is in connection with conversion of the interest rate on the 2000G bonds and 1994A bonds to a fixed rate on Dec. 18 and Dec. 30, respectively.

U.S. Bank is the tender agent.

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