Home / Economy / Georgian State Energy Company Plans to Issue Eurobonds
EuroBonds

Georgian State Energy Company Plans to Issue Eurobonds

Georgia’s state Oil and Gas Corporation (GOGC) plans to issue Eurobonds, a banking source and a source in Georgia’s government said on Monday, Reuters Africa reports.

The company plans to issue Eurobonds in U.S. dollars and has mandated Barlays and J.P.Morgan to organise the deal, the banking source said.

Investor meetings were scheduled to take place in the U.S. and London from April 6 through April 12, and the placement will depend on market conditions and results of a buyback of the company’s Eurobonds maturing in May 2017.

The corporation’s chief told Reuters last year the company could issue Eurobonds in early 2016 to raise funds for the construction of a gas storage facility.