New bond issue: Bank of Georgia issued international bonds for GEL 500.0m maturing in 2020 with a 11% coupon.

May 25, 2017 - Cbonds

 

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..
Share:
Issuer, issue numberBank of Georgia, 11% 1jun2020, GEL
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueGEL 500,000
Amount500,000,000
ISINXS1577958488
End of placement05/24/2017
Initial issue price100
Yield at pricing11
Coupon11%
Coupon frequency1 time(s) per year
Settlement date06/01/2017
Maturity date06/01/2020
Issue ManagersBookrunner: 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 floorIrish S.E.
Issuer: Bank of Georgia
Issuer profile:
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... more
Outstanding issues:
3 issuesGEL571,000,000
Issuer rating:
Moody's Investors ServiceB1/StableLT- foreign currency09/27/2013
Moody's Investors ServiceBa3/StableLT- local currency09/27/2013
S&P Global RatingsNR/Foreign Currency LT09/29/2016
S&P Global RatingsNR/Local Currency LT09/29/2016
Fitch RatingsBB-/StableLT Int. Scale (foreign curr.)05/04/2017
Fitch RatingsBB-/StableLT Int. Scale (local curr.)05/04/2017