Interpublic Group calls 5.04% notes due 2009 for Sept. 14 redemption

By Lisa Kerner

Charlotte, N.C., Aug. 14 - Interpublic Group of Cos., Inc. said it will redeem all of its outstanding 5.04% notes due 2009 on Sept. 14.

The notes, with a total principal amount outstanding of $36,033,000, are scheduled to mature on Nov. 15, 2009, according to a form 8-K filed with the Securities and Exchange Commission.

Interpublic, a New York advertising agency, said the redemption price will be equal to the greater of 100% of the principal amount of the notes or the sum of the present values of the remaining scheduled payments of principal and interest on the notes discounted to the redemption date using a predetermined formula.

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