...

Investors' interest in Georgia's sovereign bonds rises

Business Materials 13 June 2009 14:12 (UTC +04:00)

Georgia, Tbilisi, June 13 / Trend , N.Kirtskhalia/

The interest of investors in the Georgian sovereign bonds rose on a background of positive dynamics of international processes on June 1-11. This is the first time since September-October last year, when the recorded increase in interest in bonds.

In April, Eurobonds sold at a price of 50 percent. The problems with liquidity are among the investors and issuers.

Georgian sovereign eurobonds (5,000 units, worth $100,000) have been posted on the London Stock Exchange in April 2008. The interest rate is 7.5 percent, deadline is five years (April 15, 2013), 56 percent of the securities were bought by British investors, 13 percent - offshore, 9 percent - Germany, 8 percent - Netherlands, 4 percent - the Austrian and 5 percent - the Scandinavian.

Financial companies acquired 71 percent, 13 percent - by insurance companies, 9 percent - by commercial and investment companies and 7 percent - by retail sector.

Do you have any feedback? Contact our journalist at: [email protected]

Latest

Latest