The Ministry of Finance of Georgia, together with the selected international and local investment banks (JP Morgan, Goldman Sachs, ICBC Standard, TBC Capital and Galt & Taggart), legal advisors (Backer & McKenzie and BLC) and international fiscal agent (Cit), has completed preparatory stage for the placement of Eurobonds on the London Stock Exchange.
The transaction was officially announced today on the Bloomberg trading platform. Online meetings (so-called net-road-shows) with international investors will be held on April 13 and 14.
This process will be completed in the following days by placing Eurobonds worth $ 500 million on the London Stock Exchange, on behalf of Georgia by the Ministry of Finance of Georgia.
Taking into consideration the current situation in the international financial markets, it is expected that Eurobonds will have a significantly lower interest rate compared to Eurobonds issued in 2011, which amounted to 6.875%.