TBC Capital has listed the largest Eurobond issue on the Georgian Stock Exchange

TBC Bank has successfully priced a debut US$300 million 5-year 5.75% (6% yield to maturity) senior unsecured notes issue (the "Notes"), representing the lowest ever yield at the time of issue achieved by a Georgian issuer on the international debt capital markets. These Notes have been admitted to the Official List and trading on the regulated market of the Irish Stock Exchange (Euronext Dublin) and category A listing of the Georgian Stock Exchange.

Eurobond was listed on the Georgian Stock Exchange by TBC Bank’s affiliated brokerage company, TBC Capital. With TBC Capital’s participation, many local investors had the opportunity to participate in this landmark transaction.

“This is an unprecedented case not only for the Georgian Stock Exchange, but also in the history of the Georgian banking sector. It is a major step forward for the development of the Georgian capital market and increases the outstanding volume of publicly traded local corporate bonds by 88%”- noted deputy CEO of TBC Bank George Tkhelidze.

Eurobond issued by TBC Bank is the largest bond placed on the Georgian Stock Exchange to date.

Chief Executive Officer of the Georgian Stock Exchange, George Paresishvili stated: “This transaction is very important because it is the first case of dual listing on the local market, when a security can be traded both domestically and internationally. Dual listing of TBC Bank’s Eurobonds makes it possible to purchase them on the Georgian Stock Exchange through Georgian brokers. We assume that this and other similar transactions, which we are expecting to occur in the future, will dramatically increase local investors’ base and support capital market’s development in Georgia”.