Go back
The three-year bonds totaled 25 million Lari, with the coupon on the EBRD local currency-denominated bond flat to the three-month rate on certificates of deposit issued by the National Bank of Georgia. The bonds are further eligible for sale and repurchase operations carried out by the National Bank of Georgia.
In addition, MKD has advised the Asian Development Bank in connection with the issue of 80 million Lari of three-year bonds payable in quarterly installments at the weighted three-month average rate on certificates of deposit issued by the National Bank of Georgia.
The MKD team on both transactions consisted primarily of Natalia Babakishvili and Victor Kipiani. Both issues continue MKD’s successful track record of advising on debt securities placements by international financial institutions.
