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AES to partially redeem 10% notes
New York, Dec. 24 - The AES Corp. (B2/B+) said that it has called for redemption $19.719 million principal amount of its 10% senior secured notes due 2005.
AES, an Arlington, Va.-based global power producer, said that the notes will be redeemed on a pro rata basis on Jan. 22 at par plus accrued interest.
It said that the redemption is being made out of "excess asset sale proceeds" and reflects the portion of asset sale proceeds allocable to the notes primarily from AES's sale of a minority interest in AES Oasis Ltd.
AES issued $500 million of the 10% notes in December 2002.
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