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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Detroit Edison plans to redeem 5.45% tax-exempt bonds due 2029
By Toni Weeks
San Diego, Sept. 6 - Detroit Edison Co. said it will redeem some 5.45% tax-exempt bonds due Sept. 1, 2029 with the proceeds of its planned offering of general and refunding mortgage bonds due 2041, according to a filing with the Securities and Exchange Commission.
Remaining proceeds will be used for general corporate purposes.
The electric subsidiary of DTE Energy is based in Detroit.
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