BGEO completes $350m notes issue
BGEO Group, the holding company of JSC BGEO Group, announced on Wednesday that it has completed the issuance of its $350m 6.00% notes due 2023.
Bank of Georgia Group
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16:40 28/03/24
Banks
3,803.92
17:14 28/03/24
FTSE 250
19,884.73
17:14 28/03/24
FTSE 350
4,383.21
17:14 28/03/24
FTSE All-Share
4,338.05
16:50 28/03/24
The FTSE 250 firm said the Regulation S / Rule 144A senior unsecured notes were issued and sold at an issue price of 99.297% of their principal amount on 26 July 2016.
Bank of America Merrill Lynch and JPMorgan acted as Joint Lead Managers for the new notes, BGEO’s board said, with Galt & Taggart acting as co-manager.
“Dechert LLP and Baker & McKenzie LLP acted as legal advisors to the Joint Lead Managers and the company, respectively,” BGEO’s board said in a statement.
“The new notes are rated BB- (Fitch) and B1 (Moody's) [and] are listed on the Irish Stock Exchange.”