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Dollar bonds of Gol Linhas Aéreas Inteligentes SA (‘Gol’) tumbled by 7-10 points on uncertainty over the company reaching a deal with its creditors. It was reported last month that Gol was planning another restructuring. On Sunday, a local newspaper reported that the company is considering filing for Chapter 11 bankruptcy within a month. The company added that it was considering several options including additional capital infusion in its talks with the stakeholders. Gol has been struggling due to its heavy debt burden and has gone through several restructurings and capital raises in the past since the onset of the pandemic.
Gol’s 8% 2026s was the biggest loser, dropping by 10.5 points to trade at 25.2 cents on the dollar.
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