JSC Georgia Capital on March 5 priced $300.0 million in inaugural international bonds.
The senior unsecured notes, which will mature in March 2024, carry a 6.125% coupon and were sold at a 98.77% issue price. The issuance is expected to be the first international bond offering by a nonbanking and non-state-backed company from Georgia, the company said.
J.P. Morgan and Citi are acting as joint book runners and joint lead managers for the deal, while Renaissance Capital is acting as joint lead manager and Galt & Taggart as co-manager. Freshfields Bruckhaus Deringer LLP and Baker & McKenzie LLP are serving as legal advisers to the joint lead managers and Georgia Capital, respectively.
The investment business holding company is slated to demerge from its parent BGEO Group Plc.
