Brazilian telecoms operator Brasil Telecom, part of the Telemar Norte Leste (TNL, or Oi) group, has confirmed it plans to sell BRL2 billion (USD1.16 billion) of bonds in the local markets to refinance its short-term debt and fund future CAPEX requirements. In a statement yesterday, Oi said the unit plans to sell 200,000 bonds priced at BRL10,000 in two tranches. The first series of bonds will have a maturity of five years and the second, eight
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OVETEL Brasil Telecom to sell BRL2bn of bonds to fund investment
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