Bank of Georgia announces Eurobonds Repurchase

RNS Number : 4382A

Bank of Georgia Group PLC

29 September 2020

 

London, 29 September 2020

Bank of Georgia Group PLC announces Eurobonds Repurchase

Bank of Georgia Group PLC (the "Group") announces that its subsidiary, JSC Bank of Georgia (the "Bank") has repurchased an aggregate principal amount of US$ 9.5 million of Notes due 2023, ISIN XS1405775880, which were issued on 26 July 2016 (the "2023 Notes"). Following the repurchase, the Group holds 12.63% (US$ 44.2 million) of the 2023 Notes. The repurchased 2023 Notes will be held by the Group, and there is no current intention to cancel them.

Name of authorised official of issuer responsible for making notification: Natia Kalandarishvili, Head of Investor Relations and Funding

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; and b) corporate and investment banking and wealth management operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. In the medium to long-term, the Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book . 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'
Moody's	'Ba3/NP' (FC) & 'Ba2/NP' (LC)

For further information, please visit  www.bankofgeorgiagroup.com  or contact:

Archil Gachechiladze	Michael Oliver	Sulkhan Gvalia	Natia Kalandarishvili
CEO	Adviser to the CEO	CFO	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9282)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

  This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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