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Bank Of Georgia Group Share News (BGEO)

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Share Price Information for Bank Of Georgia Group (BGEO)

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10,870.00 -130.00 (-1.18%)

Bid:

10,870.00

Ask:

10,890.00

Spread: 20.00 (0.184%)

Market Cap: £4.69b

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BGEO completes $350m notes issue

Wed, 27th Jul 2016 10:29

(ShareCast News) - BGEO Group, the holding company of JSC BGEO Group, announced on Wednesday that it has completed the issuance of its $350m 6.00% notes due 2023.The FTSE 250 firm said the Regulation S / Rule 144A senior unsecured notes were issued and sold at an issue price of 99.297% of their principal amount on 26 July 2016.Bank of America Merrill Lynch and JPMorgan acted as Joint Lead Managers for the new notes, BGEO's board said, with Galt & Taggart acting as co-manager."Dechert LLP and Baker & McKenzie LLP acted as legal advisors to the Joint Lead Managers and the company, respectively," BGEO's board said in a statement."The new notes are rated BB- (Fitch) and B1 (Moody's) [and] are listed on the Irish Stock Exchange."