BSTDB issues its forth local currency bond in Georgia

News | 21-Jun-2018

BSTDB has issued a 3-year bond for GEL 120 million (approx. USD 50 million) arranged by TBC Capital in Georgia.

The bond issue is a Public Placement listed on the Georgian Stock Exchange. This is the largest public corporate bond issued in the country this year.

BSTDB will use the proceeds to offer a local currency SME facility to TBC Bank in Georgia.

This is the fourth GEL bond issued by BSTDB in Georgia since 2015 to fund Bank’s local currency financing program primarily aimed at supporting the Georgian SME sector development.