Oi books set to close

Oi books set to close

Equity

Oi’s jumbo share sale is due to be priced on Monday after a rights offering for the stock was closed on Thursday. Results of the priority subscription offer are expected to be announced today and will indicate how much of the capital raise needs to be subscribed by the market — the deal could be fully covered if all shareholders subscribe their rights. The Brazilian telco, which roadshowed to accounts earlier this month, is offering 1.9bn ordinary shares, and 3.8bn preference shares. Its ordinar

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