COMPANHIA SIDERÚRGICA NACIONAL (“CSN”) announces that it has decided to fully redeem, on October 14, 2010 (“Redemption Date”), the Guaranteed Perpetual Bonds (“Guaranteed Perpetual Bonds”) issued in 2005 through its wholly owned subsidiary CSN Islands X Corp. and guaranteed by CSN, with an interest coupon of 9.50% per annum and principal of US$ 750 million, plus interest accrued and not paid up to the Redemption Date and any additional amounts payable in relation to the Guaranteed Perpetual Bonds.
This press release shall not constitute an offer to buy nor the solicitation of an offer to sell the Perpetual Bonds in the United States, Brazil or in any other jurisdiction in which such offer or sale is prohibited.
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