Digicel Back for LM, Raises $1bn

Digicel Back for LM, Raises $1bn

Jamaica Bonds

Digicel has returned for another round of liability management, raising $1bn in new 2021 NC3 senior unsecured bonds at the Digicel Limited unit, to replace existing 12% 2014 notes. Books for the largest wireless telecommunications carrier in the Caribbean were heard nicely oversubscribed before closing at 2:30pm Tuesday, allowing for an upsize from $700m. The B1/B deal priced at par with a 6.0% coupon, to yield in line with 6.0%-area guidance. The bonds were up 0.125 bid Tuesday afternoon, a tra

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