Value of state’s €1 million Digicel bond plummets
The state invested almost $1 million in the Denis O’Brien-owned Caribbean mobile phone company Digicel, The Sunday Business Post can reveal.
The Irish Strategic Investment Fund (ISIF), which is part of the National Treasury Management Agency, last year invested in bonds sold by Digicel. The fund bought a nominal $970,000 of a Digicel bond that is due to be repaid in 2021. The bond carries an annual interest rate of 6 per cent. The...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures