BGEO completes $350m notes issue

(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." Bank Of Georgia Group