The EBRD bond issue is to address the problem of excessive reliance on foreign capital and foreign exchange borrowing by encouraging borrowing in the local currency as well as developing the local capital market.
EBRD was supported and advised by Natalia Babakishvili and Victor Kipiani at Mgaloblishvili Kipiani Dzidziguri (MKD).
This is the fifth issuance by EBRD since its inaugural placement in the Georgian market in March 2014, which was the first ever Georgian Lari bond by an international financial institution, and MKD is proud that it has advised EBRD on all the issuances.
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