COLUMBUS, Ohio, Aug. 20, 2018 /PRNewswire/ -- Indiana
Michigan Power Company, a public utility subsidiary of American
Electric Power (NYSE: AEP), announced that on Sept. 7, 2018, it will redeem the entire
outstanding $475 million principal
amount of its 7 percent Senior Notes, Series I, due 2019. The notes
will be redeemed at 100 percent of the principal amount outstanding
(at par value of $100 per Senior
Note), plus interest through the date of redemption, plus the
required make-whole premium.
Notice of the redemption was mailed on Aug. 8, 2018. 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.
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SOURCE American Electric Power