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Bank of Georgia Issues GEL 500 million 11% Notes Due 2020

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BGEO Group PLC’s banking business subsidiary, JSC Bank of Georgia successfully priced an inaugural GEL 500 million offering of 11.00% notes due June 2020 (the Notes). The Notes are denominated in GEL and are expected to settle on 1 June 2017. The Reg S/ Rule 144A senior unsecured Notes are …

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International Bank of Azerbaijan to Sell Georgian Assets by the End of 2017

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International Bank of Azerbaijan (IBAR) plans to withdraw from Georgian market. The Bank launched operation in Georgia in November 2006. According to Azerbaijani ABC.az news agency, under the international debts restructuring plan, IBAR plans to sell its assets in Georgia and Russia. Presentation sent by IBAR to creditors indicates that …

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Mamuka Khazaradze: Financial Sector Deserves a Higher Assessment

Mamuka Khazaradze: Financial Sector Deserves a Higher Assessment

Mamuka Khazaradze, founder of TBC Bank, does not share the views, expressed at America-Georgia Business Council’s 20th Annual Conference, on the lack of financial resources. He believes that Georgian financial sector deserves a higher estimation. In his conversation with the TV-program “Sakmis Kursi”, he has focused on the higher financial accessibility …

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