July 21, 2021 |
Brazilian telecommunications company Oi started meeting investors on Tuesday, looking to issue up to $880 million in five-year notes in the international bond market to refinance outstanding debt at home, according to a company source.
Rio de Janeiro-based Oi is raising fresh debt to pay off BRL2.5 billion ($479 million) in debentures from its mobile phone subsidiary Oi Móvel that mature in January 2022. Oi agreed to sell the mobile phone business for BRL16.5 billion to TIM, Claro and Vivo in De
Brazilian telco plans to raise up to $880 mln in the international market to pay off debt at home