Market Talk

Market Talk

Has Denis O’Brien got a plan up his sleeve to reduce Digicel’s debt pile?

Last year, Bloomberg – perhaps a little unfairly – called Paul Coulson and Denis O’Brien junk bond kings for their love of issuing high interest rate bonds to finance their global empires.

The bond markets have been very kind to O’Brien’s Digicel mobile phone empire since the beginning of the year, with the price of the debt rallying quite strongly. The question nobody appears to be able to answer about it is why.

Digicel...

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