Banking
Posted: 1 month ago

Georgia's $500 Million Eurobond Issue Officially Announced on the London Stock Exchange

An official announcement has been made on the London Stock Exchange for the placement of Eurobonds worth $ 500 million on behalf of Georgia.

The Ministry of Finance of Georgia, together with selected international and local investment banks (JP Morgan, Goldman Sachs, ICBC Standard, TBC Capital and Galt & Taggart), legal advisors (Backer & McKenzie and BLC) and international fiscal agent (Citi), has completed the Eurobond London Stock Preparatory stage for placement on the stock exchange.

The transaction was officially announced on the Bloomberg trading platform. Online meetings (so-called net-shows) with international investors will be held on April 13 and 14.

This process will be completed in the coming days by the Ministry of Finance of Georgia, on behalf of Georgia, by placing Eurobonds worth $ 500 million on the London Stock Exchange.

Given the current situation in the international financial markets, it is expected that Eurobonds will have a significantly lower interest rate compared to Eurobonds issued in 2011, which amounted to 6.875%.