Oi Lowers Sights, Starts Domestic Roadshow

Oi Lowers Sights, Starts Domestic Roadshow

Brazil Bonds

Oi is scheduled to begin meeting investors this week ahead of a BRL800m ($376m) domestic bond transaction, according to regulatory documents, an amount lower than the BRL1.2bn it had initially indicated. The transaction includes bonds qualifying for tax exemptions under Brazil’s infrastructure debenture legislation, and is expected to price July 11-19. The telecom plans a 2020 tranche paying the DI plus up to 0.85% and an inflation-linked 2023 tranche paying a rate equal to that of the NTN-B bon

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