Caribbean mobile group Digicel has raised USD150 million to support expansion in Trinidad & Tobago and Haiti, the company said in a statement. It arranged a corporate bond led by investment banks Citigroup and JP Morgan Chase, adding to the USD300 million it raised in July 2005. The new bond carries 8.625% interest and both bonds are to be paid off by September 2012. Digicel invested an initial USD190 million in launching its Trinidad & Tobago GSM network in April this year, and has invested USD130 million in its Haitian mobile operations, launched in May; it has committed to investing at least a further USD50 million in Haiti. Based in Jamaica, Digicel has invested a total of USD1.25 billion to become the largest GSM provider in the Caribbean, with operations in 20 markets and more than two million subscribers.