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Vale to pay additional interest on mandatorily convertible notes
By Marisa Wong
Madison, Wis., Nov. 1 - Vale SA announced that it will pay additional interest on its mandatorily convertible notes due June 15, 2012, series VALE-2012 and VALE.P-2012, equal to $1.657454 and $1.917027 per note, respectively.
The Bank of New York, trustee of the convertibles, will pay noteholders on Nov. 7.
Vale is a mining company based in Rio de Janeiro.
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