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CenterPoint calls all 6% convertible subordinated debentures due 2012
By Marisa Wong
Milwaukee, Dec. 11 - CenterPoint Energy Resources Corp. announced it plans to redeem all of its outstanding 6% convertible subordinated debentures due 2012 on Jan. 11.
The convertible debentures will be redeemed at par plus accrued interest up to the redemption date.
The amount of regular interest that will be payable on the redemption date is $0.2167 per $50 of debentures.
Each $50 of debentures is convertible into $14.24 of cash and 1.11 shares of common stock.
The Bank of New York Mellon Trust Co., NA is the trustee.
CenterPoint, headquartered in Houston, is a domestic energy delivery company.
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