Wednesday July 15, 2020

State drops investment in Digicel ahead of firm’s debt restructuring

Irish Strategic Investment Fund invested $1m in Digicel bonds in 2018 but sold them before 2021 maturity date

Ian Guider

Markets Editor

28th June, 2020
Digicel, which runs mobile phone and broadband services in more than 30 Caribbean and South Pacific countrie

The state made a timely exit from a small investment in Digicel, Denis O’Brien’s mobile phone company, ahead of its debt restructuring this year.

The Irish Strategic Investment Fund (ISIF) invested almost $1 million in Digicel bonds in 2018 but it has emerged that the state has now sold that holding. The bonds acquired by ISIF had a maturity of 2021 and were among the class of debt that was subject...

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