Telemar announces USD995 million debenture plan

9 Mar 2006

Brazilian telco Telemar will issue BRL2.16 billion (USD995 million) worth of non-convertible unsecured bonds, the company said in a statement to the São Paulo stock exchange. The local bond sale will be used to cut debt costs. The Series A debentures will mature in 2011, the Series B in 2013.

Brazil, Oi