Digicel completes $300 million corporate bond offering to boost capital spending

Digicel mobile phone group has completed a $300 million corporate bond offering. The transaction was a reopening of the 8.25 per cent senior notes due in 2017.

 

Digicel operates in 24 markets in the Caribbean and Central America, with 7.8 million subscribers.

 

Colm Delves, Digicel Group chief executive, said the funds will be partly used to fund further expansion in Haiti and for general corporate purposes, including capital expenditure and debt service.

 

Original source: Irish Times