Georgian Railway has successfully issued USD 500 Million Green Eurobonds on the London Stock Exchange. The interest rate on the 7-year bonds was determined at 4%.
Unprecedented interest has been expressed towards Georgian bonds and the total demand has exceeded USD 4 billion.
JP Morgan, Citi, Renaissance Capital were the leading agents of the transaction, and Galt & Taggart acted as a co-manager.
The team of BLC Law Office – led by Tamta Ivanishvili and Giorgi Batlidze - acted as a legal advisor of the investment banks with regard to Georgian legislation.