The issue yielded 9.25 per cent, maturing in September 2012, and immediately began to trade at a premium of up to US$3.60 over the original $100 offer price in the "grey market".
Digicel was originally seeking to raise only $250 million, but appears to have expanded the offer due to the extremely high demand. According to international brokers, the issue could have been as much as 12 times oversubscribed.
International bond broker Greg Fisher described the success of the deal as due to "high demand for a solid corporate name".