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Green Development Issued Bonds of 2 mln USD on the Market

Green Development Issued Bonds of 2 mln USD on the Market

Company Green Development, which implements famous project “Mtsvane Ubani Listan”, announced on issuance of securities.

The company made emission of 50 bonds of 2 million USD. Nominal value per share is 40 000 USD, annual interest rate – 11%.

Maturity of the securities is determined by 2 years, their placement is scheduled by October 16, 2017. The company plans to list bonds at the Stock Exchange as well, where secondary trade will be possible