Cement News tagged under: Funding

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Shree Cement reportedly raising over INR20bn through QIP offering

19 November 2019, Published under Cement News

India’s Shree Cement Ltd is reportedly in an advanced stage of raising more than INR20bn (US$278.36m) through a qualified institutional placement (QIP) offering, according to the Mint. "The money will be used for capex and debt reduction. They have been meeting investors for this purpose and are targeting to close this fundraise within this quarter," said a source for the Mint. "They could raise anywhere between INR20-INR30bn depending on demand from investors." In October the company had ...

Huaxin Cement seeks funding for US$140m project

03 December 2018, Published under Cement News

Huaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials. Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be completed before March 2019, with the funding also expected before then. The company plans to add one o...

Titan successfully concludes issuance of new EUR200m notes

19 December 2012, Published under Cement News

Greece-based cement producer Titan has successfully concluded the issuance of new €200m guaranteed notes, due in January 2017. Demand from international and domestic institutional and private investors ensured that the €100m minimum issue, as executed through the exchange of existing and issuance of new notes via the Luxembourg Stock Exchange, was oversubscribed 2.9 times. The new notes bear a coupon of 8.75 per cent, the minimum rate set in the offering. The successful conclusion of th...