(Bloomberg) -- Portugal Telecom SGPS SA, the
country's biggest telecommunications company, plans to sell 750
million euros (1.02 billion) of bonds convertible into stock, its
first sale of equity-linked debt since 2001.
The seven-year notes will pay interest of 3.875 percent to
4.375 percent and can be handed over for stock when the shares
rise by 35 percent to 40 percent from the average market price
today, the company said in an e-mailed statement.
Read more at Bloomberg Bonds News
country's biggest telecommunications company, plans to sell 750
million euros (1.02 billion) of bonds convertible into stock, its
first sale of equity-linked debt since 2001.
The seven-year notes will pay interest of 3.875 percent to
4.375 percent and can be handed over for stock when the shares
rise by 35 percent to 40 percent from the average market price
today, the company said in an e-mailed statement.
Read more at Bloomberg Bonds News
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