Gol to use aircraft sale proceeds to redeem 2022s

By Oliver West
24 Feb 2020

Brazilian airline Gol said on Friday that it would be redeeming in March a bond it had tried — and mostly failed — to repurchase a year ago.

When just 14.7% of the holders of Gol’s $91.533m of 8.875% 2022s agreed to participate in a tender in January 2019, it was considered a sign that investors were more than happy to maintain exposure to a previously troubled company that has retired R$3.7bn ($843m) of debt since ...

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