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Ispat Inland calls 7.9% bonds
By Kimberly N. Alleyne
Stroudsburg, Pa., Sept. 6 - Ispat Inland Inc. announced Tuesday it has called for redemption the $27.8 million principal amount of its outstanding 7.9% first mortgage bonds, series R, due Jan. 15,
2007.
The bonds will be redeemed on Oct. 5, at a price of 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.
Ispat is headquartered in East Chicago, Ill. and is part of Mittal Steel USA, formed in April 2005.
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