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PM: Foreign Direct Investments will Exceed 300 million USD in 2018

The fact Georgian Capital has placed 300 million USD Eurobonds at Irish Stock Exchange is of crucial importance for development of our country, Prime Minister Giorgi Kvirikashvili said at today’s government meeting.

“I would like to comment on that fact Georgian Capital has placed 300 million USD Eurobonds at the stock exchange. This is the first case when Georgia-based non-finance company, investment business holding, has placed 300 million USD Eurobonds at Irish stock exchange.

This 300 million USD will enter Georgia in the form of foreign direct investments. The money will be put in such sectors as tourism infrastructure, power sector, winemaking and other fields. This is genuinely important act for our country. Today we will meet with representatives of this group and hold a joint presentation of this result”, Giorgi Kvirikashvili said.
We remind you that EBRD has invested 60 billion USD in Eurobonds issued by Georgian Capital, a BGEO subsidiary.

Total value of Eurobonds issued by Georgian Capital is 300 million USD. This is the first case in the history of Georgia when non-finance and private company has issued international bonds.
The Eurobonds have been placed on Irish Stock Exchange with 6.125% yield. Maturity period will expire in 2024.