NBD Bancorp said that on Dec. 15 it will redeem its $12 million in outstanding 8 1/4% convertible subordinated debentures, due in 2010, at a price of 102.475% of the principal amount plus accrued interest.

The Detroit company said holders can convert the debentures into common stock at $12.74 a share or 78.493 shares per $1,000 principal amount of the debentures. However, conversion must take place before the close of business Dec. 8.

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