Bank of Georgia issued international bonds for GEL 500.0m maturing in 2020 with a 11% coupon. Bonds were sold at a price of 100% with an initial yield of 11%. Bookrunner: Renaissance Capital, JP Morgan
Depository: Euroclear Bank, Clearstream Banking S.A..
|Issuer, issue number||Bank of Georgia, 11% 1jun2020, GEL |
|Type of debt instrument||International bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||GEL 500,000 |
|End of placement||05/24/2017 |
|Initial issue price||100 |
|Yield at pricing||11 |
|Coupon frequency||2 time(s) per year|
|Settlement date||06/01/2017 |
|Maturity date||06/01/2020 |
|Issue Managers||Bookrunner: Renaissance Capital, JP Morgan
Depository: Euroclear Bank, Clearstream Banking S.A.
Trustee: Citibank N.A. (London branch)
Paying agent: Citibank N.A. (London branch)
Issuer Legal Adviser (International law): Baker & McKenzie
Arranger Legal Adviser (International law): Dechert LLP
Issuer Legal Adviser (Domestic law): Dentons
Issuer Legal Adviser (Listing law): Arthur Cox |
|Trading floor||Irish S.E. |
Bank of Georgia
Bank of Georgia is Georgia’s is the leading bank in Georgia, with more than a third of the market share in Georgia based on total assets, total loans, total deposits and total shareholders’ equi...