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title: "GGU issues US$ 250 million green bonds"
description: "Georgia Capital PLC (the Group or Georgia Capital) announces that the holding company of the Group’s water utility business and the operational renewable en"
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24 Jul 2020

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Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the holding company of the Group’s water utility business and the operational renewable energy assets (JSC Georgia Global Utilities or “GGU”) has successfully priced an inaugural US$ 250 million green bond offering (the “Notes”) on 23 July 2020. The Regulation S/Rule 144A senior unsecured US$-denominated 7.75% green notes, with a 5-year non-call 2 year bullet maturity, are expected to settle on 30 July 2020. The Notes are being issued and sold at par value. The proceeds of the Notes will be used to refinance all existing loan arrangements of GGU and to finance capital expenditures in the water supply and sanitation business. The Notes are expected to be listed on the Global Exchange Market of the Irish Stock Exchange and to be rated B+ (stable) by Fitch and B (positive) by S&P.

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