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This issuance has a five-year floating rate coupon linked to the three-month Certificate of Deposit issued by the National Bank of Georgia (NBG), with the initial three-month coupon set at 6.45%, after the NBG’s auction.
Following the EBRD’s inaugural private placement of the first-ever domestic bond by an international financial institution in Georgian currency in 2014, and the second bond in 2015, this third issuance is notable as it is the first-ever public placement on the Georgian Stock Exchange. The MKD team (Victor Kipiani and Natalia Babakishvili, primarily) had the honour of advising the EBRD on all the issues, starting with the inaugural one.
The said landmark issuance is further augmenting the outstanding capital markets’ work portfolio at MKD with the firm advising IFIs on nearly all bond transactions in the country.
