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Commentary & Deal Flow

FINAL GUIDANCE: Titan Global E350m 5NCL sr notes 3.625% area

HYC European Market: Deal Flow - General

Titan Global Finance Plc (TITKGA) size set at EUR350m (vs EUR350m expected) Reg S sr notes due 02/04/31 (5y). NCL (MWC, 3mo par call, 80% clean up call at par). NR/BB+/BB+ (--/positive/positive). Via BNP/HSBC (B&D(/Soc Gen jt glocos/Alpha Bank/BofA/Citi/Eurobank/Natl Bank of Greece/Piraeus Bank/RBI jt books. List Dublin. English law. CoC. Annual pay (Act/Act). Denoms: 100kx1k. Settles 02/04 (T+5). ISIN: XS3263933049. IPT: 4.00% area.

Final guidance: 3.625% area (+/-0.125%) WPIR.

Books close at 11:45am UKT 01/28. Pricing 01/28 UK afternoon. Book size over EUR2.7bn. UOP: GCP, including capex plans and partially for the funding of one or more of the Titan Group’s recently announced acquisitions. Biz: a sub of Titan SA, 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.