Transocean Titan Financing Ltd, established in 2016 and headquartered in the Cayman Islands, serves as a financing subsidiary of Transocean Ltd, focusing on securing capital to support the offshore drilling sector. The company primarily specializes in issuing corporate bonds to raise funds for operational expenditures and fleet enhancements.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RIG 8.38% 2028-02-01 USDTransocean Titan Financing Ltd | United States | 2028-02-01 | 8.375 | 7.03 |
| RIG 8.38% 2028-02-01 USDTransocean Titan Financing Ltd | United States | 2028-02-01 | 8.375 | 6.87 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Transocean Titan Financing Ltd has issued several significant bond series, including a noteworthy $750 million bond in 2019 that was used to refinance existing debt and improve liquidity. Currently, its bonds carry yields competitive with industry averages, reflecting investor confidence amidst fluctuating oil prices. Recent reports indicate that the company is exploring sustainable financing options to align with growing environmental considerations, indicating a proactive approach toward future capital strategies.