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BGEO to direct attracted $350 mln in the investment projects

BGEO to Direct Attracted $350 mln in the Investment Projects

BGEO Group will directed attracted $350 million from the bond placement in the development of investment projects.

Irakli Gilauri, general director of the Group declares, that the sum will be directed in the subsidiary companies, including development of energy projects.

“It is important, that it is a long-term capital issued by holding company”, – CEO of BGEO noted.

Girauri declares, that the group has much work to do and they do not plan acquisition of new company, but he does not excludes.

To remind, BGEO made refinancing of notes with 7-year maturity. Notes of US$ 350 million were listed in Irish Stock Exchange, the yield was determined by 6%. However, investment bankers regard it successful (the rate of the previous placement was 6,75%).

Source: GBC