Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Says JSC Georgia Real Estate, the holding company of its housing development and hospitality businesses, has successfully closed a USD35 million local bond offering. Says the notes, which have a two-year maturity and carry an 8.5% coupon, were used to refinance its three-year 7.5% coupon USD35 million local bond which matured last week on Friday.
Georgia Capital Chair & Chief Executive Irakli Gilauri comments: "In the current global interest rate environment, the business managed to obtain funding on attractive terms. The issuance received considerable interest from both existing and new investors."
Current stock price: 620.00 pence
12-month change: up 1.1%
By Sophie Rose; sophierose@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Georgia Capital (CGEO)