Aquila calls $1.9 million of 6.625% convertible debentures

By Susanna Moon

Chicago, July 10 - Aquila, Inc. said it plans to retire $1.9 million of 6.625% convertible subordinated debentures due 2011.

The company will pay par value of $1,000 per debenture plus accrued interest. The redemption date is Aug. 13.

Holders may convert the debentures into shares at a price of $15.79 per share.

Aquila stock closed at $4.12 on Monday.

Union Bank of California, NA (213 972-5675) is the redemption and paying agent.

Aquila is a power company based in Kansas City, Mo.

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