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HEG may redeem foreign currency convertible bonds due July 30, 2010
By Devika Patel
Knoxville, Tenn., Jan. 10 - HEG Ltd said it is holding a board meeting on Jan. 22 to consider an early redemption of its $28.75 million of five-year foreign currency convertible bonds due July 30, 2010.
The bonds, which were issued in 2005, are convertible into the company's stock.
HEG is a Mandideep, near Bhopal, India, graphite electrode maker.
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