Digicel bond falls as management attempts to reassure investors it can cut firm’s debts

Digicel bond falls as management attempts to reassure investors it can cut firm’s debts
West Indies cricket team, seen here playing Ireland in a T20 match, are no longer sponsored by Digicel Pic: Inpho

A key Digicel bond fell to a fresh low last week, even as Denis O’Brien and the mobile phone company’s top management met investors to outline plans to reduce its debt mountain.

O’Brien and Digicel’s relatively new chief executive Alexander Matuschka Greiffenclau, and chief financial officer Ray Leclercq, have been meeting investors in New York, Boston, Miami and London in recent days on a so-called no-deal roadshow. They’ve been setting out how the...

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