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Hylsa calls Ps. 797.48 million certificados de bursatiles
By Caroline Salls
Pittsburgh, May 10 - Hylsamex, SA de CV said subsidiary Hylsa SA de CV will redeem its Mexican Ps. 797.48 million of certificados bursatiles due 2007 on June 9 at par plus accrued interest, according to a company news release.
The company said the redemption will significantly reduce Hylsamex's financing costs.
Hylsamex is a Monterrey, Mexico, steel producer and processor.
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