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BOG LC Bond DCM

Sector: Commercial • Location: Georgia

Source: International Finance Corporation (IFC)

Project
Completed

IFC invested in a tradable Eurobond issued by Joint Stock Company Bank of Georgia (JSC BoG or the Bank), an IFC strategic partner in Georgia (the Project). BoG is a wholly owned subsidiary of Georgia-based JSC BGEO Group, whose parent BGEO Group PLC is incorporated in the United Kingdom and listed on the Premium segment of the London Stock Exchange (LSE). The issuance comprises new notes offered b

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The project “BOG LC Bond DCM” is an infrastructure initiative in the Commercial sector, located in Georgia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Description

Description

IFC invested in a tradable Eurobond issued by Joint Stock Company Bank of Georgia (JSC BoG or the Bank), an IFC strategic partner in Georgia (the Project). BoG is a wholly owned subsidiary of Georgia-based JSC BGEO Group, whose parent BGEO Group PLC is incorporated in the United Kingdom and listed on the Premium segment of the London Stock Exchange (LSE). The issuance comprises new notes offered by JSC BoG in the amount of 500 million Georgian Lari (GEL), with a 3-year maturity (the Notes). Proceeds from the issuance of the Notes are being used by BOG to support GEL-denominated lending, primarily to retail banking clients, to finance existing liabilities and for other general working capital and corporate purposes. The Notes are listed on the Irish Stock Exchange under 144A/Reg S and were offered to qualified institutional buyers in the United States and to non-US persons elsewhere.Playing the role of anchor investor in the Notes issuance, IFC made a commitment to purchase up to Georgian Lari equivalent of US$45 million in the order book. The Bank allocated IFC an entire committed amount of 108.34 million Georgian Lari, equivalent to approximately $45 million.

Original sub-sector

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Original Currency

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Original budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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