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General

Oi bondholders consider BRL 10 bln debt swap - report

Thursday 19 May 2016 | 11:09 CET | News
Brazilian operator Oi could receive a proposal from bondholders to convert up to BRL 10 billion in debt into equity, informed sources told Bloomberg. The group's view is that the only way to avoid a default is to reduce the firm's leverage to about 3.5 times EBITDA, or about BRL 25 billion in debt, the person said. The company had BRL 49.4 billion in debt at the end of March, with almost half of it scheduled to mature by 2018. 

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Categories: General
Companies: Oi
Countries: Brazil
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Comments

Ridateci i soldi, ladroni di Oi!!!
Caballero Misterioso @ 19/5/2016 - 15:12


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