Georgia Capital Shareholder and Market Opportunity Overview
US$ 65 MILLION EUROBOND TAP ISSUE IN MARCH 2021
GEORGIA
CAPITAL
OUR STRONG LIQUIDITY
HAS BEEN FURTHER
ENHANCED, UP 64.4% TO
GEL 467 MILLION IN 1Q21
ā
On 9-Mar-21, JSC Georgia Capital priced a
US$ 65 million tap issue at par, which was
consolidated and now forms a single series
with the existing US$ 300 million 6.125%
Eurobonds, maturing in Mar-24.
The transactions was oversubscribed and
met with high demand from the existing
bondholders.
TOTAL ISSUE
c.$30
US$ 65
c.$35
MILLION
Capital allocations
General corporate purposes
USE OF PROCEEDS
US$ c.35 million will be used to fund capital allocations to
our portfolio companies
US$ c.30 million is intended for general corporate purposes
The Georgian government priced US$ 500 million 5-year Eurobonds at a record low coupon of 2.75% in Apr-21, after repaying
their 10-year, 6.875% coupon Eurobonds, issued in 2011. The low coupon rate marks a new milestone achievement for Georgia.
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