Oi pricing due

Oi pricing due

Equity

Oi’s large-scale capital raise is due to be priced on Monday, after books were heard to be oversubscribed when they were closed on Friday. A price range has not been indicated for the follow-on sale of 1.9bn ordinary shares and 3.8bn preference shares. Existing shareholders were heard to have submitted around BRL1bn of orders for the transaction in a rights offering that was closed on Thursday. The telco’s ordinary shares closed at BRL2.53 ($1.13), and its prefs at BRL2.52 on Friday, both down o

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