In a statement sent to the Committee on Securities Market
 (CMVM), the NOS says thus have diverse “further their sources
 funding, while increasing the average maturity of its
 net debt to 2.5 years and further reducing the
 average cost ‘all-in’ of their debt. “

In conjunction with the issuance
 the bonds by private subscription offer, NOS
 repaid an issuance of € 100 million held by Sonaecom in
 September 2011, maturing in March 2015, and another
 performed by Zon in November 2010, in the amount of 25 million
 euros.

The new bonds will be refunded IN 2014-2020 a
 once at the end of period, in September 2020, with interest calculated
 based on variable rate with a ‘spread’ of 215 basis points
 March happening in the payment of the first coupon.