Georgian Railways, Bank of Georgia sell Eurobonds
2 July 2012
Georgian Railways (GRAIL) raised USD 500 mln via a new 10-year Eurobond with a yield of 7.75%, according to one of the parties of the deal. Proceeds will partly be used for the early repayment of an outstanding USD 250 mln Eurobond maturing in 2015 and to pay dividends for 2011, according to the company. Bank of Georgia (BGEO LN) is also about to close its USD 250 mln Eurobond sale with a yield at the upper end of 7%.
