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Oi negotiates extension of BRL 14 bln in bank debt - report

Monday 15 August 2016 | 09:15 CET | News
Brazilian operator Oi is close to reaching a tentative agreement with banks to postpone BRL 14 billion in debt payments without any discounts, reports O Globo. The proposal on the table is to divide up this amount over a period of 15 years, a source familiar with the process said. Banco do Brasil is the largest creditor, with BRL 4.4 billion, followed by BNDES (BRL 3.3 billion), China Development Bank (BRL 2.4 billion), Caixa Economica Federal (BRL 1.9 billion) and Itau (BRL 1.5 billion). Financial institutions account for just over 21 percent of the total debt of the company, of

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Categories: General
Companies: Oi
Countries: Brazil
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