IBM Offers To Swap Higher-Interest Debt - Congoo

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IBM offers to swap higher-interest debt

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Rocky Mount Telegram | November 07, 2009

ARMONK, N.Y. â?? IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet. The computer maker said it started a tender offer to exchange its 7.125 percent debenture...

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