Brazil's Oi proposes 25 percent limit to debt-for-equity swap

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Brazil’s Oi proposes 25 percent limit to debt-for-equity swap
BRASILIA/RIO DE JANEIRO (Reuters) – Brazilian phone carrier Oi SA submitted a plan on Wednesday to restructure its 65.4 billion-real ($21 billion) debt burden with a proposal to limit the debt-for-equity swap demanded by creditors to 25 percent of capital.


Source: Technology

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