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. The plan was delivered to a Rio de Janeiro court and creditors of the […] Read more »