Portugal Telecom Intnl Fin BV Delivery of Audited 2014 Accounts (5884Z)
May 27 2016 - 10:06AM
UK Regulatory
TIDM36EN
RNS Number : 5884Z
Portugal Telecom Intnl Fin BV
27 May 2016
PORTUGAL TELECOM INTERNATIONAL FINANCE B.V.
(the "Issuer")
NOTICE
to the holders (the "Noteholders") of the following
securities:
EUR500,000,000 4.375 per cent. Notes due 2017
(ISIN: XS0215828913)
EUR250,000,000 5.242 per cent. Notes due 2017
(ISIN: XS0441479804)
EUR750,000,000 5.875 per cent. Notes due 2018
(ISIN: XS0843939918)
EUR750,000,000 5.00 per cent. Notes due 2019
(ISIN: XS0462994343)
EUR1,000,000,000 4.625 per cent. Notes due 2020
(ISIN: XS0927581842)
EUR500,000,000 4.5 per cent. Notes due 2025
(ISIN: XS0221854200)
and
EUR400,000,000 6.25 per cent. Notes due 2016
(ISIN: PTPTCYOM0008)
(together, the "Notes")
issued by the Issuer under its EUR7,500,000,000 Euro Medium Term
Note Programme
and guaranteed by
Oi S.A.
(the "Guarantor")
Reference is made to the trust deed dated 17 December 1998 (as
amended and/or supplemented and/or restated from time to time in
relation to the Notes) (the "Trust Deed") and constituting the
Notes. Capitalised terms not defined herein shall have the meanings
given to them in the Trust Deed.
On 29 April 2016, the Trustee notified the Noteholders that the
Issuer had notified the Trustee that a Potential Event of Default
has occurred pursuant to Condition 10(a)(ii) of the Terms and
Conditions of the Notes by reason of the Issuer's and the
Guarantor's breach of Clauses 14(iii) and 14(v) of the Trust
Deed.
On 4 May 2016, the Trustee notified the Noteholders that it had
sent a letter to the Issuer and the Guarantor requiring that the
Potential Event of Default referred to above be remedied, pursuant
to the terms of Condition 10 (a)(ii), within 30 days following the
date of the letter from the Trustee to the Issuer and the
Guarantor.
The Issuer now informs the Noteholders that on 27 May 2016 the
Issuer delivered the audited accounts of the Issuer for the
financial year ended 31 December 2014 to the Trustee and so
remedied the relevant Potential Event of Default within the 30-day
period required by Condition 10(a)(ii).
This Notice is given by:
Portugal Telecom International Finance B.V.
Naritaweg 165
1043 BW Amsterdam
The Netherlands
27 May 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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