Oi calls investors to pitch new notes

Oi calls investors to pitch new notes

Debt Debenture Corporate & Sovereign Strategy Capital Markets Telecoms

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

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