Brazil's Telemar Norte Leste to roadshow dollar-denominated benchmark-sized 10-year notes

By Aaron Hochman-Zimmerman

New York, April 8 - Telemar Norte Leste SA will offer a dollar-denominated benchmark-sized 10-year senior unsecured notes (Baa3//BBB-), according to a market source.

Banco Bradesco BBI, Banco Itau, Banco Santander, BB Securities and Citigroup will act as bookrunners for the Rule 144A and Regulation S deal.

A roadshow will be held from April 13 to April 16 in Boston, New York, London, the U.S west coast and the Philadelphia area.

Proceeds will be used to refinance outstanding debt and for general corporate purposes.

Telemar is a Rio de Janeiro-based telecommunications firm.

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