Tegeta Envelope
Sector: Automotive • Location: Georgia
Source: International Finance Corporation (IFC)
IFC is proposing an up to US$40 million (or equivalent in Georgian Lari) long-term financing package for Tegeta Motors LLC (Tegeta or the Company), the largest automotive retail and service company in the South Caucasus region and market leader in Georgia. The IFC’s financing, to be deployed in phases with the first investment of US$20 million to be in Tegeta’s GEL 260 million bond, will support T
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IFC is proposing an up to US$40 million (or equivalent in Georgian Lari) long-term financing package for Tegeta Motors LLC (Tegeta or the Company), the largest automotive retail and service company in the South Caucasus region and market leader in Georgia. The IFC’s financing, to be deployed in phases with the first investment of US$20 million to be in Tegeta’s GEL 260 million bond, will support Tegeta’s investment program (the Project), which includes (i) scaling up sale, rental and lease of hybrids and EVs (70% of IFC’s financing), (ii) service network changes and digital solutions designed to increase efficiency and improved access to underserved communities (10% of IFC’s financing), and (iii) extending tenor of the Company’s maturing debt (20% of IFC’s financing). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |