December 7, 2017 |
Gol printed $500m in 2025 non-call four securities on Wednesday, funding a liability management exercise for its $276.7m in 8.875% 2022 bonds.
Bank of America Merrill Lynch, BCP Securities, Credit Suisse and Morgan Stanley started talk on Tuesday in the mid 7% area, then tightened at guidance to 7.375%, DCM bankers said. Leads launched the transaction at 7.25%.
the quartet priced the transaction with a 7% coupon to yield 7.25%, or a reoffer price of 98.604.
“[Gol] are doing much better than a fe
Local airline raises $500m in fresh debt, offers investors more juice than peer Azul