By Mary-Katherine Stinson
Lexington, Ky., Oct. 11 – Georgia Capital plc announced that JSC Georgia Real Estate, the group’s holding company for its housing development and hospitality businesses, closed a $35 million local bond offering, according to a notice Tuesday.
The notes have an 8˝% coupon with a two-year bullet maturity.
Proceeds were used to refinance the company’s three-year $35 million 7˝ % local bonds that matured on Oct. 7.
The new notes are expected to be listed on the Georgian Stock Exchange.
Georgia Capital is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy.
| Issuer: | JSC Georgia Real Estate
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| Issue: | Bonds
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| Amount: | $35 million
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| Tenor: | Two years
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| Coupon: | 8˝%
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