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Published on 1/10/2008 in the Prospect News Convertibles Daily.

HEG may redeem foreign currency convertible bonds due July 30, 2010

By Devika Patel

Knoxville, Tenn., Jan. 10 - HEG Ltd said it is holding a board meeting on Jan. 22 to consider an early redemption of its $28.75 million of five-year foreign currency convertible bonds due July 30, 2010.

The bonds, which were issued in 2005, are convertible into the company's stock.

HEG is a Mandideep, near Bhopal, India, graphite electrode maker.


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