Georgia Issues Debut Bonds
Civil Georgia, Tbilisi / 13 Apr.'08 / 09:48

Georgia's USD 500 million debut Eurobond issue was three times oversubscribed with a coupon set at 7.5% last week, according to Galt & Taggart Securities, the Bank of Georgia’s research arm.

Issuance of five-year fixed-rate Eurobond was managed by JP Morgan and UBS.

The Finance Ministry and Prime Minister’s office have both declined to comment.

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