Digicel bonds plunge amid debt mountain concerns

8th July, 2018

The price of key Digicel bonds sank to a new low last week as pressure continues to mount on the Denis O’Brien-owned telecoms company to convince investors of its efforts to reduce its debt mountain.

The price of the $2 billion bond maturing in 2020 fell to 70 cents in the dollar, a record low since it was sold by the company to international investors. The fall in the bond price pushes up...

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