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Prospect News home > News index > List of issuers E > Headlines for Embratel (Empresa Brasileira de Telecomunicacões SA) > News item |
Embratel $200 million five-year notes seen pricing in 11% area
By Paul A. Harris
St. Louis, Nov. 20 - Price guidance of 11% area was heard Thursday on Empresa Brasileira de Telecommunicacaoes SA (Embratel)'s sale of $200 million five-year guaranteed notes, according to an informed source.
Morgan Stanley and Deutsche Bank Securities are joint bookrunners on the Rule 144A/Regulation S (with registration rights) offering.
Embratel will use proceeds to refinance debt and for general corporate purposes.
The company is a Rio de Janeiro-based telecommunications provider.
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