Tuesday, August 16, 2016

UPDATE 2-Banks, bondholder group eye Brazil's Oi debt relief -source

SAO PAULO, Aug 16 (Reuters) - Banks and bondholders

accounting for more than half of Oi SA's debt of 65.4 billion

reais ($20 billion) are considering proposing a 5-year grace

period and lower borrowing costs to speed up the Brazilian phone

carrier's in-court reorganization, a person with direct

knowledge of the talks said on Tuesday.

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