Ingersoll-Rand to redeem $7.5 million of its 7.2% bonds on June 1

By Tali David

Minneapolis, May 15 - Ingersoll-Rand Co. called $7.5 million of its 7.2% bonds, according to a redemption notice.

The bonds, which are due June 1, 2025, will be redeemed at par plus accrued interest on June 1.

Following the transaction, $97.5 million will remain outstanding.

Ingersoll-Rand is a Swords, Ireland, diversified industrial firm.

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