Amadeusz Juskowiak

American electric aep unit redeeming bonds

Appalachian Power Co a unit of American Electric Power Co said it will redeem on May one an additional 138 mln dlrs of its 1278 pct first mortgage bonds due 2013

That increases to 288 mln dlrs the amount of bonds the utility will buy back Appalachian Power said it will redeem the bonds at par plus accrued interest