Brazilian telecoms operator Brasil Telecom, part of the Telemar Norte Leste (TNL, or Oi) group, confirmed yesterday that it has sold USD1.5 billion of ten-year senior unsecured notes in the United States’ credit market. News feed IFR says the book-runners managing the sale were Bank of America Merrill Lynch, BES Investimento do Brasil, Barclays Capital, BTG Pactual and HSBC. ‘The resources raised abroad will be used for general corporate purposes and to extend the profile of the company's debt,’ said Oi finance director Alex Zornig in a statement
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OVETEL Brasil Telecom sells USD1.5bn of bonds in US
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