According to a local media report, Oi (Telemar), Tele Norte Leste Participacoes plans to issue senior unsecured bonds worth USD1.5 billion in the foreign market. It is very well understood that the notes will be issued in three tranches, maturing in 2014, 2019 and 2038, respectively. The size of each specific placement will be determined at a later date and the funds raised will be utilized for the acquisition of fellow telecoms group Brasil Telecom – subject to the deal receiving the necessary regulatory go-ahead from the government. Citi, Santander, Bradesco’s investment bank BBI, BB Securities and Itau BBA will be the banks who are coordinating the issue.
Wireless Federation » archive for 'Itau BBA'
Oi proclaimes the issuing of unsecured bond worth US$1.5 billion (Brazil)
- September 4th, 2008
- 12:55 pm
