Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Notes its subsidiary, JSC Bank of Georgia, signed a USD50 million additional tier 1 capital perpetual subordinated syndicated facility. The European Bank for Reconstruction & Development and Swedfund International AB are the lenders. Expects the facility to be included in the additional tier 1 capital of the bank. Says it will provide the bank with an opportunity to further diversify its capital structure from a foreign currency perspective.
Current stock price: 1,640.00 pence, up 3.1%
12-month change: up 25%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Bank Of Georgia Group (BGEO)
