Titan Group is returning to international bond markets today. Its financing subsidiary, Titan Global Finance Plc, has mandated banks to arrange a tap of its existing bond due in February 2031, which carries a 3.5% coupon. The amount sought is between €100m and €150m, with pricing expected later today.
This is not a new bond but an increase in the size of the existing issue. The new bonds will have the same terms as the original ones: a 3.5% coupon and a 2031 maturity.
The issue price will be set based on prevailing market yields.