Denis OBriens Digicel Group may be able to take advantage of the discounted price at which $2 billion (1.7 billion) of its bonds are trading, through a corporate restructuring that could raise funds to buy back the bonds on the cheap, according to a new research report.
A report issued to clients this week by Xtract Research, a New York-based debt research firm, said the groups debt-free Digicel Pacific Limited unit may hold the key to a refinancing of the bonds, which are due in 2020, at a price below their par value.
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