Investor Presentaiton slide image

Investor Presentaiton

Debut green bonds from Georgia Oversubscribed by 1.5x on debut green bond issuance amid COVID-19 outbreak First ever green bonds from Georgia In July 2020, the water utility business together with the operational/commissioned renewable energy assets, successfully priced and listed debut green bonds on the Irish Stock Exchange The issuance was met with significant interest both from institutional investors and IFIs The issuer obtained Second Party Opinion from Sustainalytics, a leading provider of environmental, social and governance research and analysis, for its Green Bond Framework The issuance of the bonds significantly improves the financial flexibility of water utility business and boosts its liquidity profile by moving from amortizing to bullet repayment structure, contributing to healthy growth of the business and enhanced dividend capacity Issuance overview USD 250 million, 5NC2, 7.75% Green Bonds Water utility capex and refinancing of existing debt Notes: Uses of proceeds: Listing: Irish Stock Exchange Notes rating: Sole bookrunner, Green structuring agent, Development finance structuring agent: Co-manager: Demand: Anchor investors: B+ (Stable) by Fitch / B (Positive) by S&P J.P. Morgan TBC Capital Book was oversubscribed by 1.5x FMO, DEG, ADB and TBC Bank Investors by geography USA (6%) Asia (14%) Georgia (14%) UK (13%) Continental Europe (53%) 12
View entire presentation