Bondholders have reportedly rejected the reorganisation plan which the management of struggling Brazilian telco Oi presented to a bankruptcy court this week. The committee in charge of the bondholders’ group, which hold 40% of the telco’s bonds by face value, said the proposed R$22bn (US$6.9bn) debt writedown was “unacceptable,” Reuters reported citing a statement. Bondholders have reportedly rejected the […]
