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Prospect News home > News index > List of issuers B > Headlines for Bank of Georgia > News item
Published on 7/5/2016 in the Prospect News Emerging Markets Daily.

Bank of Georgia to start roadshow on Wednesday, mulling $400 million new notes to fund tender

By Paul A. Harris

Portland, Ore., July 5 – Bank of Georgia plans to start a roadshow on Wednesday for a possible $400 million offering of notes (B1//BB-) pending market conditions, according to a market source.

BofA Merrill Lynch and JPMorgan are the joint bookrunners.

The Tbilisi, Georgia-based bank plans to use the proceeds to fund a tender offer for its 7¾% notes due 2017. The tender offer expires on July 14.


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