AEP Subsidiary Ohio Power to Redeem Senior Notes
OREANDA-NEWS. Ohio Power Company, a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on Aug. 12, 2013, it will redeem the entire outstanding USD 225 million principal amount of its 6.375 percent Senior Notes, Series I, due 2033. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of USD 100 per Senior Note) plus interest through the date of redemption.
Notice of the redemption was mailed July 12, 2013. This redemption is in accordance with the terms of the indenture under which the notes were issued.
Deutsche Bank Trust Company Americas is the redemption agent and trustee.
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