NEWS

Georgia officially announces placement of $500 million Eurobonds on the London Stock Exchange

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

Agenda.ge, 13 Apr 2021 - 18:32, Tbilisi,Georgia

Georgia has officially announced the placement of $500 million Eurobonds on the London Stock Exchange, announces the Ministry of Finance 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 preparatory stage for placement the Eurobond on the London Stock Exchange.The transaction was officially announced today on the Bloomberg trading platform", reads the press-release published by the ministry.

Online meetings (so-called net-road-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", says the ministry.

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

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