Jostling For Telemar Mandate Continues

The final lineup of banks looking to participate in Telemar’s acquisition financing package of BRL11bn ($5.45bn) is still in flux, according to loan market bankers. While some local press and rumors have suggested a final lineup of five banks, participants on the deal say there are slots still up for grabs. Lenders like JPMorgan, Credit Suisse and UBS appear consistently as mandated firms, while others, like ABN AMRO, Banco do Brasil and Citi, one of Telemar’s relationship banks, have also appeared, though with less consistency.