Georgia: Georgia Capital Sustainability Linked Financing Facility

approved

The Project involves an anchor investment of up to USD30 million into JSC Georgia Capital's upcoming and debut issuance of sustainability-linked bonds in the Georgian capital markets.  Wholly owned by Georgia Capital Plc, JSC Georgia Capital is the leading investment holding company in Georgia with portfolio companies across different sectors: banking, renewable energy, water utilities, education, pharmacy, hospitals & clinics, and other smaller companies. The Company plans to issue a USD 150 million sustainability-linked, senior unsecured bond, targeting both local and international institutional investors with dollar appetite. The bond proceeds are expected to be allocated as follows: 80% for refinancing the existing Eurobond, and 20% for general corporate purposes. AIIB investment proceeds will be used to refinance historical investments in the renewable energy.