Titan Cement to issue 250-mln-euro bond loan

Titan Cement SA on Monday announced that its subsidiary Titan Global Finance Plc will issue a 250 million euros bond.

The seven-year bond loan will carry the guarantee of Titan Cement SA and the bonds will be listed for trading in the Ireland Stock Exchange. HSBC Bank plc, Société Générale, ABN Amro Bank NV, Alpha Bank AE, Eurobank Ergasias SA, National Bank of Greece SA, Piraeus Bank SA and Raiffeisen Bank International AG will act as managers of the issue.

The capital to be raised will be used to repay a previous bond loan ahead of its maturity in July 2019 and other debt.