Baker International Corp., the Orange oil-drilling-equipment maker,...
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Baker International Corp., the Orange oil-drilling-equipment maker, said it will redeem on Sept. 25 all outstanding 7.55% notes from its $25-million issue due in 1987.
The redemption will be made at par, and interest accrued to the date of redemption will be paid with the principal. The company said no interest would accrue on the notes on or after Sept. 25. The Corporate Trust Office of Morgan Guaranty Trust Co. of New York is handling the redemption.
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