Brazilian telephone carrier Oi SA revealed its latest restructuring proposal yesterday, which included a provision requiring the company to pay bondholders significant annual fees in exchange for injecting capital into the debt-laden carrier, Reuters reported. Oi, in a securities filing, said its plan would involve a minimum capital increase of 7.1 billion reais ($2.16 billion), of which 3.5 billion would come from a cash injection and 3.6 billion from a debt-for-equity swap. Bondholders that inject capital into the company would receive an upfront fee of 6 percent on their contribution plus annual fees of 8 percent.
