Vale plans to pay additional interest on convertibles on Sept. 2

By Toni Weeks

San Diego, Aug. 29 - Vale SA announced that the additional interest it will pay on its mandatorily convertible notes due June 15, 2012, series VALE-2012 and VALE.P-2012, is $1.806046 and $2.08889 per note, respectively.

The additional interest will be paid by the trustee, the Bank of New York, on Sept. 2.

Vale is a mining company based in Rio de Janeiro.

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