COLUMBUS, Ohio, Sept. 15 /PRNewswire-FirstCall/ -- Indiana
Michigan Power Co., a public utility subsidiary of American
Electric Power (NYSE: AEP), today announced that on Oct. 15, 2010, it will redeem the entire
outstanding $150,000,000 principal
amount of its 6.0% Senior Notes, Series D, due 2032 (NYSE: IJD).
The notes will be redeemed at 100% of the principal amount
outstanding (at par value of $25 per
Senior Note) plus interest through the date of redemption. Interest
payable on Sept. 30, 2010, will be
paid in the usual manner.
Notice of the redemption is expected to be mailed Sept. 15, 2010. This redemption is in accordance
with the terms of the indenture under which the notes were
issued.
The Bank of New York Mellon Trust Company, N.A. is the
redemption agent and trustee.
SOURCE American Electric Power
Copyright . 15 PR Newswire