Telemar Participacoes (TmarPart), part of Brazilian telecoms group Oi, is planning to issue R$500m (US$273m) in senior, unsecured debentures due 2019.
According to a filing with the BM&F BOVESPA stock market, TmarPart will issue the debentures on 5…
Telemar Participacoes (TmarPart), part of Brazilian telecoms group Oi, is planning to issue R$500m (US$273m) in senior, unsecured debentures due 2019.
According to a filing with the BM&F BOVESPA stock market, TmarPart will issue the debentures on 5 April.
The lead coordinator is public bank Caixa Economica Federal.
In a statement today, Moody’s said that the proposed bond issue is part of “TmarPart’s liability management to improve its debt maturity profile”.
The ratings agency gave the debentures a ‘Baa3’ local currency rating and an ‘Aa1.br’ national scale rating.