Digicel Raises $300m in Retap

Digicel Raises $300m in Retap

Jamaica Bonds

Digicel Limited has raised $300m through a reopening of its 6.0% 2021 NC3 senior unsecured bonds. The unit of Jamaican telecom Digicel reopened the B1/B notes at par to yield 6.00%, in line with par guidance, after upsizing from a planned $250m. The outstanding size of the 2021s now stands at $1.3bn. The issuer offered 0.5 points concession versus a 100.50 level seen on the 2021 bonds pre-announcement, according to an investor following the transaction. Proceeds from the retap are to be used for

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