GCap SL Bond

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The proposed IFC investment is for subscription of up to US$30 million in a sustainability-linked bond (SLB) to be issued in Georgia by Georgia Capital JSC (GCap or Company), an investment company based in Tbilisi, Georgia. GCap is the sole subsidiary of Georgia Capital Plc which is listed on the London Stock Exchange. It is a platform for acquiring, developing, and divesting at maturity Georgian businesses, with its current portfolio being diversified across a wide range of sectors, including banking; retail pharmacy; hospitals; insurance; renewable energy; education; water utilities; clinics and diagnostics; and others comprising housing development, hospitality, beverages and auto services.IFC’s investments will be used for GCap’s general corporate purposes and will be retained in cash, deposits, cash equivalents and other temporary investments, as a liquidity buffer for such time as it is deemed appropriate for prudential management purposes. IFC investment will indirectly enable the expansion of only the following businesses:• Pharmacy Retail • Clinics business (specifically polyclinics i.e., clinics serving outpatients only)• Diagnostics At present GCap has a majority share in the above-mentioned businesses in its portfolio, which operate under a holding company, Georgia Healthcare Group, that is 100% owned by GCap.