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Galt & Taggart Announced About the Successful Placement of ADB Bonds

Galt & Taggart Announced About the Successful Placement of ADB Bonds

Galt & Taggart announced about the successful placement of Asian Development Bank (ADB) bonds.

The onshore bond issue pays a floating rate of interest indexed to the National Bank of Georgia 3 month CD reference rate, plus 20 basis points. If we calculate it at the example of the last auction, it will be 6,5%+20 basis point = 6,7%. The rate will be counted by the same formula on the base of a benefit fixed at the next auction.

The issue is solely managed and underwritten by Galt & Taggart.

“The goal of G&T is to be permanent supplier of such service not merely for international financial institutions, but Georgian companies as well, which searches additional source of capital attraction”, – Archil Gachechiladze, chairman of Supervisory Board has congratulated the success to the team of Galt & Taggart.