Portugal Telecom Intnl Fin BV Trustee Notification of Event of Default (5824G)
08 Agosto 2016 - 4:53PM
UK Regulatory
TIDM36EN
RNS Number : 5824G
Portugal Telecom Intnl Fin BV
08 August 2016
PORTUGAL TELECOM INTERNATIONAL FINANCE B.V. - under judicial
reorganisation (subject to Brazilian in-court restructuring
proceedings)
(the "Issuer")
NOTICE
to the holders of the following securities:
EUR500,000,000 4.375 per cent. Notes due 2017
(ISIN: XS0215828913)
EUR250,000,000 5.242 per cent. Notes due 2017
(ISIN: XS0441479804)
EUR750,000,000 5.875 per cent. Notes due 2018
(ISIN: XS0843939918)
EUR750,000,000 5.00 per cent. Notes due 2019
(ISIN: XS0462994343)
EUR1,000,000,000 4.625 per cent. Notes due 2020
(ISIN: XS0927581842)
EUR500,000,000 4.5 per cent. Notes due 2025
(ISIN: XS0221854200)
EUR400,000,000 6.25 per cent. Notes due 2016
(ISIN: PTPTCYOM0008)
(together, the "Notes")
issued by the Issuer under its EUR7,500,000,000 Euro Medium Term
Note Programme
and guaranteed by
Oi S.A. - under judicial reorganisation
(the "Guarantor")
Reference is made to the trust deed dated 17 December 1998 (as
amended and/or supplemented and/or restated from time to time in
relation to the Notes) (the "Trust Deed") and constituting the
Notes. Capitalised terms not defined herein shall have the meanings
given to them in the Trust Deed.
The Issuer hereby informs the holders of the Notes that on 5
August 2016 the Trustee notified the Issuer and the Guarantor that,
following its letter dated 22 June 2016 in which the Trustee has
notified the occurrence of an Event of Default, and pursuant to
Condition 10(a) of the Notes, the Notes are now immediately due and
repayable at their Early Redemption Amount, together with accrued
interest, as provided in the Trust Deed and the Conditions.
8 August 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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