Bond issue information:
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Issuer – Georgian Water and Power LLC
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Offering – GEL 30,000,000 (thirty million Georgian Lari)
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Bond Issuance and Placement Date – 6 December, 2016
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Tenor – 5 years (Maturity date: 6 December, 2021)
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Currency – Georgian Lari
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Nominal Value – GEL 1,000 (one thousand Georgian Lari)
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Interest (coupon)1 – The Bonds bear interest at the rate of 350 basis points premium over the NBG Monetary Policy (refinancing) Rate
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Interest Payment – on quarterly basis
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Minimum placement Lot – 10 bonds, GEL 10,000 (ten thousand Georgian Lari)
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Sale of bonds – It will be possible to sell the bonds in the secondary market through a brokerage company, or without them.
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Placement Agent – JSC Galt & Taggart, JSC PASHA Bank Georgia
Notes:
1) Before taxes payable according to Georgian legislation. Please see the Prospectus (attached file, page 86) for further details about taxation of the bonds
- Audited Financial Statements of Georgian Water and Power Ltd, 2015