Oi's Vexing Credit Mess: How to Deal With $14.2 Billion of Swaps

  • Brazilian company explores triggering credit derivatives
  • Phone operator hopes to ease process of restructuring its debt

Struggling Brazilian telephone company Oi SA is concerned that some bondholders who bought credit protection may try to push it into default, according to people with knowledge of the matter. So it’s looking for ways to take them out of the equation, the people said.

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