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M2 to list Bonds of 25 mln on the Stock

M2 to list Bonds of 25 mln on the Stock

m2 announced on listing the final emission on Georgian Stock Exchange.

Bonds of 25 million with 3 years maturity will be placed with unprecedented yield – 7,5%. The company links it to the increased demand and trust of the investors.

However, the bond rate (7.5%) of “m2 Real Estate” is the lowest among the other issues by that time. The yield of Nikora bonds ($5 million) with 2 years maturity amounts to 11%, Evex bonds – 2 years maturity are placed from 9.5% ($15 million – 2015). To note, previous issue of m2 – $20 million was placed at 9.5% – $M203H (2015).

It will be the 4th placement of the developer company, member of BGEO Group, the 7th emission on the stock exchange system and the 5th – among the foreign currency denominated.