Telefonica Brasil Defines Domestic Jumbo

Telefonica Brasil Defines Domestic Jumbo

Bolivia Bonds

Telefonica Brasil has finalized the sale of BRL2bn ($985m) in Brazil’s debenture market, according to Anbima. The 2017 bullet debenture pays the DI+0.75%. The unit of the Spanish telecom and operator of the Vivo brand plans to use about half of the proceeds to pay for spectrum purchased in an Anatel auction last June, and the other half to refinance short term debt, according to Moody’s. Banco do Brasil managed the sale, done under the rule 476 restricted format and rated Baa1 on a national scal

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