Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Says its banking business subsidiary JSC Bank of Georgia has issued a notice that it will redeem all of its outstanding notes equal to USD100 million on June 28. Says this will be settled in cash. Says the redemption of the outstanding AT1 notes "highlights the bank's strong capital position and high levels of internal capital generation, reflecting its robust financial health".
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By Greg Rosenvinge, Alliance News senior reporter
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Bank Of Georgia Group (BGEO)