Brazil's Gol scores on market return, prints 2025s

Brazil's Gol scores on market return, prints 2025s

Bonds Debt Capital Markets Fixed Income Brazil

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

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