Telecom Holdco to Brave Debenture Market

Brazil’s La Fonte Telecom, which holds a stake in the controlling group of Telemar, plans to sell up to BRL300m in 2015 debentures, following approval from its board. The bonds pay interest at 110% of the DI rate and amortize in three equal installments in 2013, 2014 and 2015. La Fonte does not state a bookrunner or timetable for transaction.