Telemar to sell ten-year bonds worth USD500m on international market

9 Apr 2009

Brazil’s largest telecoms operator by subscribers Oi (Telemar) is looking to sell a minimum USD500 million worth of ten-year bonds on the international market, Bloomberg reports citing people familiar with the situation. The company says a deal could be wrapped up as early as next week, after hawking its plans to investors in New York, Boston, London and other cities.

Brazil, Oi