Gol Goes To The Market

Brazilian low-cost airline Gol is to sell $12.5 million of preferred shares in the form of ADS on the New York Stock Exchange as well as in Brazil. The share sale will comprise $2.5 million via a primary offering and $10 million via a secondary offering. As well as the share offering, Gol will be also be hoping to place $115 million of 20-year convertible bonds.