Georgia: Georgia Healthcare Group Social Financing

approved

The Project involves an anchor investment of up to USD30 million in GEL equivalent into JSC Georgia Healthcare Group's upcoming and debut issuance of local currency denominated social bond in the Georgian capital markets. The notes will be the first offering under the Company's Social Bond Framework. Fully owned by Georgia Capital PLC, Georgia Healthcare Group is the leading healthcare operator, comprising of hospitals, clinics and diagnostic centers across the country. Strengthening the health infrastructure of one of the main healthcare providers improves the access of expected beneficiaries to high-quality and modern healthcare.  The bond proceeds will be used to refinance its existing liabilities used for the refurbishment of the hospitals and clinics, upgrade of the medical equipment, expansion of medical services and finance new capital expenditures to broaden range of medical services for preventive healthcare. AIIB investment proceeds will be used to finance procurement of medical equipment for the new oncology center, as well as regional hospitals and some portion for development of new medical services to increase access for healthcare outside the capital city.