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IFC: We Remain Committed to Issue Lari-Denominated Bonds Depending on the Needs

IFC: We Remain Committed to Issue Lari-Denominated Bonds Depending on the Needs

International Finance Corporation (IFC) is ready to issue lari-denominated bonds depending on the needs.

The organization has declared to GBC, that there are no imminent plans to issue IFC’s lari-denominated bonds in the immediate future. However, IFC remains committed to issue depending on the needs of Georgia’s private sector.

“IFC is committed to supporting sustainable private sector development in Georgia. As part of this strategy, we work to help businesses get access to finance. IFC bond issuances create a mechanism that sources local currency for its investments in Georgia and support the development of capital markets”, – the organization notes.

To remind, EBRD has already issued lari-denominated Eurobonds. The emission volume totals to 120 million GEL (46, 7 million EUR). Coupon rate of the bond is tied to a three-month deposit certificate of the NBG. The bonds were placed on London Stock Exchange.