Gaga Gogua: TBC Leasing is Becoming even more Transparent and Accessible to Investors

TBC Leasing is using the resources attracted from the placement of 58.4 million GEL bonds to refinance loans.

According to Gaga Gogua, CEO of TBC Leasing, the public offering is proof that the company is becoming more transparent and accessible to investors.

"We are pleased that TBC Leasing Securities has been successfully listed on the stock exchange through TBC Capital. TBC Leasing will use the resources received from these bonds to refinance short-term loans and also increase the total volume of resources attracted in GEL, which is especially problematic in the local market today. In addition, TBC Leasing's application for a public offering confirms that our company is becoming more transparent and accessible to investors. This is a 3-year secured security, where the investor is more protected, ”explains Gaga Gogua.

TBC Leasing announced at the 58.4 million GEL bond issue that it is the largest public denomination denominated in GEL among the non-bank financial institutions in Georgia.

The percentage of securities is variable, 3.25% added to the 3-month interbank rate in Tbilisi. The bonds will be redeemed in March 2023. The company has the right to pre-purchase the bonds 1 year after the issue.