Brasil Telecom, a subsidiary of Brazilian fixed-line telco Oi, has issued R$1.1bn (US$654m) in notes maturing in 2016.
The bond, which carries a coupon of 9.75, was priced at 99.516 and has a yield of 9.875.
In a statement on Friday, Brasil Telecom…
Brasil Telecom, a subsidiary of Brazilian fixed-line telco Oi, has issued R$1.1bn (US$654m) in notes maturing in 2016.
The bond, which carries a coupon of 9.75, was priced at 99.516 and has a yield of 9.875.
In a statement on Friday, Brasil Telecom said that it intends to use the net proceeds of the bond for general corporate purposes, including investments and the repayment of certain indebtedness.
The real-dominated notes have been issued in the international capital markets to be listed in the Global Exchange Market of the Irish Stock Exchange.
The arrangers were BoA Merrill Lynch, Citigroup, Deutsche Bank, HSBC, Itau BBA and Morgan Stanley, according to a report in IFR.
