Investment and Growth Strategy
LIQUIDITY OUTLOOK
LIQUIDITY DEVELOPMENT OVERVIEW
(US$ MILLION)
GROSS DEBT (US$ million)
300
300
365
365
CASH RECEIPT FROM
THE WATER UTILITY
BUSINESS SALE
CANCELLATION OF
US$ 65 MILLION
GCAP EUROBOND
88
74
54
234
GEORGIA
CAPITAL
300
300
-11.8%
152
135
•
.
LIQUIDITY DOWN BY 11.8% IN US$ TERMS IN 1Q23,
MAINLY REFLECTING: A) GEL 23.9 MILLION COUPON
PAYMENT, B) GEL 19.3 MILLION CASH OUTFLOW FOR
BUYBACKS, AND C) GEL 17.0 MILLION CAPITAL
ALLOCATIONS.
THE DECREASE WAS PARTIALLY OFFSET BY REALISED
REGULAR AND BUYBACK DIVIDENDS AND INTEREST
RECEIPTS OF GEL 30.8 MILLION IN AGGREGATE IN 1Q23.
OF US$ 300 MILLION GCAP EUROBONDS, US$ c.80 MILLION
IS CURRENTLY HELD IN TREASURY.
US$ c.28 million were repurchased in 2023.
Dec-19
Dec-20
Dec-21
Jun-22
Dec-22
Mar-23
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