Skip to main content

Greece's Titan increases bond issue

Published by
World Cement,

Reuters has reported that Greek cement maker Titan is issuing bonds worth €300 million (US$338 million) after increasing the offer due to high investor demand.

Orders for the notes due 2021 with a 3.50% coupon exceeded one billion euros, with international investment funds, foreign banks, insurance companies and pension funds wanting to take up the bonds.

The issue was raised from €250 million.

Titan has announced that proceeds from the sale will be used partly to buy back some or all of its outstanding notes due January 2017 prior to maturity or once they mature.

The closing date has been set for 17 June 2016.

Edited from source by Joseph Green. Source: Reuters

Read the article online at:

You might also like




At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »


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