And O’Brien’s Digicel telecoms group had just secured a lower interest rate on about $1 billion of terms loans from its banks. The entrepreneur probably rues not taking advantage of favourable market conditions at the time to sell long-term debt and take out the 2020 notes. Digicel’s bonds are both. Although saddled with a debt mount of about $6.5 billion (€5.4 billion), Digicel hasn’t had any major debt redemptions in recent years. However, maturities come thick and fast between 2020 and 2023, when a total of $5.2 billion of bonds fall due.

Source: The Irish Times May 12, 2018 03:56 UTC