Skip to main content

Offering of €300 million notes by Titan Global Finance

Published by
World Cement,

The offering of a total nominal amount of €300 million Guaranteed Notes due 2021, with a coupon of 3.50%/yr, which will be issued by Titan Global Finance Plc and guaranteed by the company, has completed.

The orders in the book exceeded the amount of €1 billion. Due to high investor demand, the offering was upsized from €250 to €300 million. It should be noted that most investors in the offering include international investment funds, as well as foreign banks, insurance companies and pension funds.

The Closing Date has been set for 17 June 2016 and the Issuer has already made an application for the notes to be admitted to trading on the Global Exchange Market (GEM).

The proceeds of the notes will be used by the Issuer to purchase any or all of its outstanding 8.75% Guaranteed Notes due January 2017 prior to maturity pursuant to the tender offer memorandum, or at maturity in January 2017 and for general corporate purposes.

Edited from press release by

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):