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OI / Arranging the first NIB B-Loan worldwide

22 July 2008 ---

BNP Paribas acted as Lead Arranger and Facility Agent of a USD 550 million Nordic financing package in favour of Brazil's largest telecom operator Oi (ex-Telemar). This financing encompasses a 10.5-year USD 300 million Export Credit supported by the Finnish ECA Finnvera and a 7-year USD 250 million NIB (Nordic Investment Bank) Loan

Won amidst fierce banking competition, this deal will includes the very first NIB Loan under A and B structure worldwide as well as the second Finnvera transaction closed in Brazil by BNP Paribas. This transaction constitutes a showcase for the Brazilian telecom industry, reinforces our footprint as leading Nordic ECA bank in Brazil and strengthens our relationship both with Oi and Nokia Siemens Networks, as the funds will be used to finance supply of 3G equipment from Nokia Siemens Networks.

Official date : 22/07/2008


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