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Prospect News home > News index > List of issuers V > Headlines for Vale SA > News item
Published on 1/31/2011 in the Prospect News Convertibles Daily.

Vale to pay additional interest on mandatorily convertible notes

By Jennifer Chiou

New York, Jan. 31 - Vale SA announced that it will pay additional interest on its mandatorily convertible notes, series VALE-2012 and VALE.P-2012, in the amount of $0.462708 and $0.535173 per note, respectively.

The additional interest will be paid on Feb. 7.

The Bank of New York is the trustee for the convertibles.

Vale is a mining company based in Rio de Janeiro.


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