Digicel Group Limited Completes US$1.5 Billion Corporate Bond Offering

KINGSTON, Jamaica, Sept. 19, 2012 /PRNewswire/ -- Digicel Group Limited ("DGL") today announced it has successfully completed a US$1.5 billion corporate bond offering.

The notes were priced to yield 8.25% and the use of proceeds of this offering will be to refinance its existing 2015 notes.

Digicel Group Limited is a leading emerging markets mobile phone operator providing services in 30 markets in the Caribbean, Central America and Pacific, with 13 million subscribers at end June 2012.

Blake Haider, Director with Citi, commented; "The transaction was received very well by the market and significantly reduces the future refinancing risk for Digicel Group Limited. We are pleased to have helped Digicel Group Limited leverage the strong market conditions to refinance existing bonds at a great rate. This is among the largest high-yield deals ever to come out of the Latin and Caribbean region."

Colm Delves, Digicel Group Chief Executive, said: "This transaction has again been extremely well supported by the international financing community having been more than twice over subscribed. We are very pleased to have priced this transaction at 8.25%. The funds allow us to refinance our existing 2015 bonds at an attractive rate."

Citi, JP Morgan, Credit Suisse, Deutsche Bank, Davy's acted as initial purchasers on the bond offering.

ABOUT DIGICEL GROUP LIMITED

After eleven years of operation, Digicel Group Limited has over 13 million customers across its 30 markets in the Caribbean, Central America and the Pacific. The company is renowned for delivering best value, best service and best network.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Digicel Caribbean Cup. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.

Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti and Papua New Guinea which focus on educational, cultural and social development programmes.

Digicel is incorporated in Bermuda and its markets comprise: Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Nauru, Panama, Papua New Guinea, Samoa, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel also has coverage in St. Martin and St. Barts in the Caribbean.

Visit www.digicelgroup.com for more information.

SOURCE Digicel Group Limited

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