CVRD details additional interest for 5.5% convertibles due 2010

By Devika Patel

Knoxville, Tenn., May 1 - Companhia Vale do Rio Doce gave the U.S. dollar amount of the additional interest that will be paid to holders of its 5.5% mandatorily convertible notes due June 15, 2010.

The notes were issued by subsidiary, Vale Capital Ltd., in two series, RIO and RIO P.

The company said on April 16 that it would pay additional interest on the notes.

The additional interest paid per series RIO note and per series RIO P note will be $0.490922 and $0.582658, respectively.

The trustee, the Bank of New York, will pay the note holders on May 7.

CVRD is a Rio de Janeiro-based diversified metals and minerals mining company.

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