Gol Bond Looking at Double Digits

Gol Bond Looking at Double Digits

Brazil Bonds

Gol Linhas Aereas Inteligentes is heard aiming for a yield in the neighborhood of 11% for a 2023 NC5 senior unsecured bond pricing as soon as today, according to investors. While size remains to be determined, the Brazilian airline is likely looking at $300m, according to Fitch, which assigns a B rating to the potential sale. Bank of America Merrill Lynch, Banco do Brasil, Bradesco and Citi are managing. The issuer’s outstanding 2020 bonds were heard trading recently in the 9.7% range, thus offe

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