Brazil's Gol sweetens bond swap offer, extends deadline

Gol sweetened a debt restructuring offer Monday, extending the deadline to July 1 and reducing the proposed discount to lure more investors, the company said in a securities filing. Gol improved the terms of its May 3 offer as much as 84% for notes maturing in 2020, 2022 and 2023 and 79% for its perpetual bonds. The airline also offered bonus payments based on the company's performance and any possible takeover. CFO Edmar Lopes said the new offer is Gol's final, non-negotiable proposal, aimed at resolving concerns expressed by creditors in recent weeks amid tepid interest for the airline's original offer. Despite Gol's repeated extensions of the offer this month, investors tendered by Friday just US$135m of bonds in the deal aimed at restructuring $780m of outstanding debt, <br/>