Jamaica-based operator Digicel has priced US$300m of eight-year 6% senior notes at par. The offering was upsized from an initial US$250m.
The Caribbean-focused telco is re-tapping the series after it issued US$1bn of the paper earlier in…
Jamaica-based operator Digicel has priced US$300m of eight-year 6% senior notes at par. The offering was upsized from an initial US$250m.
The Caribbean-focused telco is re-tapping the series after it issued US$1bn of the paper earlier in March.
Proceeds from the latest offering could be used for capex, acquisitions, debt repayment, or dividends to the group.
The US$1bn issue that closed earlier this month had one of the lowest coupons ever for a single B-rated corporate issuer in the Latin and Caribbean debt markets, according to a director at Citi.
That offering was managed by Citi, JP Morgan, Credit Suisse, Barclays, Deutsche Bank, and Davy.
Irish-owned, Bermuda-incorporated and Jamaica-headquartered, Digicel offers wireless services in the Caribbean and parts of Oceania and Central America.
