Telemig $100 million five-year bonds price talk 8 7/8%-9 1/8%, to price Tuesday

By Paul A. Harris

St. Louis, Jan. 9 - Price talk of 8 7/8% to 9 1/8% emerged Friday on a joint offering from Telemig Celular SA and Amazonia Celular SA of $100 million of bonds due 2009 (B2/B+), according to a market source.

The deal is expected to price Tuesday morning.

Bear Stearns & Co. is the bookrunner.

The notes will be non-callable for life.

The prospective issuer is a telephone company with headquarters in Brasilia, Brazil.

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