Georgian Oil tightens guidance on planned five-year notes to 7¼%-7½%

By Aleesia Forni

Columbus, Ohio, May 9 - Georgian Oil and Gas Corp. JSC (/B/BB-) has lowered guidance on its proposed five-year offering of notes to 7¼% to 7½%, according to market sources.

Initial guidance was set at 7½% to 7¾%.

JPMorgan and Goldman Sachs are managing the deal.

Georgian Oil and Gas is a Tbilisi, Georgia-based company focused on the exploration, production, transportation and sales of oil and gas resources.

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