May 16, 2016 / 11:32 PM / 2 years ago

Brazil telecom Oi says holding bond talks in New York this week

BRASILIA, May 16 (Reuters) - Brazilian telecom Oi SA , the country’s most indebted phone carrier that is fighting for survival, said on Monday in a securities filing that it has talks this week in New York to start bond talks with Moelis & Co.

Oi formally started negotiations to restructure $14.3 billion of bonds on April 25 when a group of bondholders that have Moelis & Co as their advisor signed a non-disclosure agreement to join talks. The group of over 25 investment firms including BlackRock Inc, Citadel LLC and Pacific Investment Management Co. (Reporting by Anthony Boadle; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below