Digicel bonds have fallen sharply since the Denis O’Brien-owned Caribbean mobile phone company postponed plans for a stock market listing earlier this month.
Trading in Digicel’s debt intensified in the run-up to the New York Stock Exchange flotation in the expectation that bondholders would be the beneficiaries of the listing. The company had signalled plans to use about $1.3 billion of the proceeds to pay down its borrowings.
Digicel debt due April...
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