New Issue: Brasil Telecom prices R$1.1 billion 9¾% notes due 2016 to yield 9 7/8%

By Christine Van Dusen

Atlanta, Sept. 8 - Brasil Telecom SA sold R$1.1 billion 9¾% notes due Sept. 15, 2016 at 99.516 to yield 9 7/8%, a market source said.

The notes priced below talk, which was set at the 10% area.

Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Itau and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.

Brasil Telecom is a subsidiary of Telemar Norte Leste SA (Baa2/BBB-/BBB).

Issuer:	Brasil Telecom SA
Amount:	R$1.1 billion
Maturity:	Sept. 15, 2016
Description:	Notes
Bookrunners:	Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Itau, Morgan Stanley
Coupon:	9¾%
Price:	99.516
Yield:	9 7/8%
Trade date:	Sept. 8
Settlement date:	Sept. 15
Distribution:	Rule 144A and Regulation S
Price talk:	10% area

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