It closes successfully first placement of a Greek corporate bond since the beginning of the crisis. The society Titan Cement has announced that it has placed four-year bonds for 200 million euros at a rate of 8,75%. According to Eurobank, which handled the deal together with Alpha Bank and Credit Suisse, demand has been very robust, with particular interest from private banks.
Titan, which is rated BB- by S&P, generates about a third of its revenues from the Greek market (where activities have been stalled for some time), but it can also count on an important presence in Egypt and the United States.
