IBM plans to redeem $1.45 billion of its outstanding debt because of low interest rates, a spokesman for the company said yesterday.

International Business Machines Corp. plans to call all $1.2 billion of its outstanding 7 7/8% convertible subordinated debentures due November 2004 and all $250 million of its outstanding World Trade Corp. 10 1/4% notes due November 1995, according to an IBM release.

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