Thursday October 22, 2020

Digicel bonds fall sharply following listing push-back

Digicel debt due April 2022 traded as high as $96 over the summer, but has since fallen to a low of $84

Ian Guider

Markets Editor

@ianguider
25th October, 2015
Denis O’Brien

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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