IN BRIEF: Bank Of Georgia Buys Back USD9.5 Million Of 2023 Notes

Tue, 29th Sep 2020 20:44

Bank of Georgia Group PLC - Georgian lender - Subsidiary JSC Bank of Georgia repurchases USD9.5 million of notes due 2023, which were issued in 2016. Following this transaction, the group holds just under 13%, or USD44.2 million worth, of the 2023 notes. The notes bought back will be held by the company, and it has no current intention to cancel them.

Current stock price: 878.00 pence

Year-to-date change: down 46%

By Lucy Heming;Â lucyheming@alliancenews.com

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