Georgian Railways to obtain 25 million lari from bonds placement

Business 25 December 2009 14:34 (UTC+04:00)

Georgia, Tbilisi, Dec. 25 / Trend N.Kirtzkhalia /

Georgian Railway Ltd has successfully placed the bonds and received 25 million lari (1.68.5 lari is $1), Dec 23.The bank issued bonds to invest the project on the railway modernization, the company told Trend .

Interests (15 percent per annum) will be paid every six months, and the principal amount - 25 million lari - in two years

BG Capital is transaction agent in this operation

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