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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
TITKGA
Titan Global Finance PLC€250
1EMEA
Jul 2, 2020
currency
EUR
size (m)
250.000
maturity
Jul 9, 2027
type
Fixed
tenor
7.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
-
moody's
NR
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
2.875%-3.125%
ipt-pxd
-
guidance
2.875% area (+/- 0.125%)
spread
332
coupon
2.750%
spread set
-
price
100.00000
yield
2.750%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Registration: Reg S Only; Comments: 07/02/2020 Titan Global Finance PLC (TITKGA) EUR250m Reg S sr notes due 07/09/27 (7y). NCL (6mo par call). NR/BB (--/stable). Via HSBC (B&D)/SocGen joint glocos/jt physical books/Citi joint gloco/jt books/ABN AMRO/BNP/Raiffeisen jt books, Alphabank, Eurobank, NBG, Piraeus Bank as co-managers. List Dublin. English law. Settles 07/09 (T+5). ISIN: XS2199268470. IPT 2.875%-3.125%. Px talk: 2.875% area (+/- 0.125%). Priced: 2.75% at 100. +332bp vs DBR 6.50% July 04, 2027. Telephonic roadshow 06/29-07/01 (did investor call at 8:30am UKT 06/30). Books closed at 1pm UKT today. UOP: fund the tender offer for its EUR287m 3.50% gtd notes due 06/17/21 at EUR1,016, repay bank and other debt (EUR90m). Biz: a sub of Titan Cement Intl, a vertically integrated group that manufactures, distributes and trades, cement, aggregates, ready-mix concrete and related building products in four regions, the US (including Canada), Greece and Western Europe, Southeastern Europe and the Eastern Mediterranean. HQ: Brussels, Belgium/Athens, Greece.;

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