Georgia Capital PLC (the “Company” or “GCAP”) announces that JSC Georgia Capital, the Georgian holding company of GCAP’s businesses, has mandated a number of investment banks to consider the potential issuance of bonds on the Georgian capital market. There can be no certainty that a transaction will take place and a further announcement will be made, if appropriate, in due course.
Irakli Gilauri, Georgia Capital Chairman and CEO commented: "We have continued to make significant progress on our core strategic priority of deleveraging Georgia Capital’s balance sheet. In light of the upcoming maturity of JSC Georgia Capital’s US$ 300 million Eurobonds, we have been actively exploring various alternatives for refinancing, including the option of issuing a US dollar denominated bond on the local market."
